It's purpose really effective to minimize shitposters?
Distribution of sMerit really given to deserving posts?
I don't think so. Shitposts will go on but without merit. And distribution of merit is not really given to deserving posts. Many posts are neglected and don't recieve merit. I've seen many such examples. This system needs revision. It feels kind of unfair that early users of this forum got merits automatically accordimg to their rank, even though many of those were shitposts and were still counted.
What solution would you propose then? It would me a lot more unfair if the admins would just revert back the ranks of people who have been here since the beginning of bitcoin. If your posts don't receive merit, it's because it doesn't deserve merit. Simple as that. I personally am even more generous in giving merits to low rankers.
The only solution seems to make less merits for ranks. 1000 merits for legendary really seems impossible. And I'm not only talking about my posts. They may not deserve merits but I have seen really good posts without merits. You may be generous but other people can oversee posts or just don't care.