That won't work for me. I'm a selfish bugger, and I've only got a few points to give away. They will go to people who help me regardless of their status. For example, if I want to set up a node on a Raspberry Pi, then a newbie could have a lot of Pi experience and make valuable contributions, and he should be rewarded for it. Alternaively if a poster states "My dog prefers Strawberry Pie", then he should get nothing, under the old system he would have got an activity point.
You and I may not have much sMerit to give. But from the way I've seen some folks throwing it around, that's not true for everyone. My guess is, the distribution method isn't going to end well:
The supply implications (e.g. decay and how actively people use the merit system) also aren't obvious. So, even if people do use them as intended (as a reward for quality posts), we don't know how well-distributed they will be. For example, it's theoretically possible that once the initial sMerit awarded yesterday is mostly spent, that sMerit mostly circulates within limited social networks that revolve around merit sources.