I do agree with you that this will increase the quality posts, but it seems like not everybody is aware of the merit system. Where I think it is a good thing, I also think that it might get hard to really get your merit up high. You have to put faith in the hands of people giving you merit, where not all are aware of the merit system.. I think there could be some improvements made, Like a banner you see when logging in on bitcointalk, so it gets more known!
You should change your attitude to more positive one. If keep complaining about current flaws of merit system, you will miss magic things of the system, which can, has changed, and will change the forum forever.
Of course, this is one-month system and need to be adjusted somehow in order to make it work more smoothly, and create bigger impacts on bitcointalk users. However, I don't see any inconvenience with current system. I am not sure what you have done over the last month, but you can see that there are lots of newbies, Junior members (lower-ranked members) jumped to Meta; Beginners & help boards to discuss, to help each other. By doing this, they also increase their knowledge, skills, experience faster than ever before. Personally, this is one of magic impacts of merit system. And many things more I dont mention in the thread, and many things more will come in the future.
In merit system, I strongly believe and will go along with it.
I am not complaining about it. Like I said, it is good for more quality posts instead of "nice project" or "I like it".. So only pointing out that it should get more known, so more people understand it, so we can move forward with this system and people can be more rewarded for their quality posts!