Meritocracy is a form of social order in a given hierarchical community.
According to Plato it can be a bless if conducted by a highly educated class of Philosophers only, not otherwise.
Interesting 45 minute tv-show that deals with the case when it becomes implemented on a mass scale (contrary to Plato) is linked below:
http://orville.wikia.com/wiki/Majority_RuleIf you are a fan of Sci-Fi, surely you will enjoy this show, please share your impressions and if you see any similarity with how we implemented merit strategy here.
Will make few more points related to the philosophy of Bitcoin (food for thought as claims may be perceived as contradictory on a surface).
Decentralization implies horizontal community order.
Centralization implies hierarchy - pyramid of ranks.
Decentralization of authority denies existence of authority.
Centralization of authority denies possibility of an effective authority in a complex system where capacities of center of authority are not unlimited.
Not having large scale low quality posts proliferating is not guaranteed unless true authority corresponds to meriting capacity of forum members.
Can it ever actually be the case ? Or did we actually subscribed to a psychology of masses instead ?
I've recently witnessed explosion of low quality very short posts just giving praises to newly incorporated merit system (like 10 words max in a typical kissa** style) that were subsequently merited muuultiple times (thus increasing meriting capacity of a low quality poster) and this even occurred in 4 different language sub-forums that I'm following being poly-lingual.
Let's constantly valuate and reevaluate B.talkIP-s.