You are completely right and I'm not wrong either. The Forum is not built on just the technical discussions, but that was just my example and a reply to OP, though the merit system has decreased a lot of shitposters, it is not a yardstick measure of seniority(knowledge I mean).
I respect the high-rank accounts, it shows how long a user has been on the forum and how much merit they have earned from contribution and hard work experience, and I have bookmarked some of their profiles in my browser, but we have seen a self-made Legendary answer a question and another Legendary correct what they replied, the mistake could be that the answer isn't up to date or completely out of context, it happens in almost every board, and I'm sure you have corrected some posts throughout your time here.
My motto: I will continue to learn what is important and helpful to the forum regardless of any rank.