Indeed it is, but if you read what he wrote with understanding, you'd realize he was saying the system is good, but a lot of members ranked up by spamming and posting, which is true.
It really isn't fair that someone with 120 activity starts with a 100 Merits, and one with 112 activity starts with 10 Merits.
A lot of us probably wouldn't be Legendaries or Heroes if the Merit system was here from the beginning.
Theymos probably didn't want to degrade all of us back to 0, but it would probably be the most fair option if all of us started from 0 Merits.
We still have the upper-hand because we have enough activity to rank up, and some older posts someone will eventually read and perhaps spend some sMerits.
I'm getting annoyed by everyone talking to newbies like they're the scum of the earth.
First listen, then talk.
There's no fair way of handling the rank system. If we were all put down to 0 Merits then the more established members who have been here from the early days would probably find this unjust. It would of probably been a little more fair if everyone was distributed merit like they have been, but their sMerit was 0 then only those selected as sources could distribute the points. This would of likely meant that a lot more posts would go unmerited because out of the hundred thousands of accounts that are active here around 30 were selected to become sources granted this has now risen to 57.