Pretty much truth although the merit distribution was broken down and a fair amount of them are given in altcoins;sad to say those points are given to thread creators and not content creators. What can you do though, don't complain about the system move on and lead a life that doesn't focus on bitcointalk.org as the nucleus of your day.
Of course Bitcointalk is not the nucleus of anything
, but bear in mind that especially in bullish markets people could make a fortune just out of Bounty Hunting on this website,and the amounts earned / month were typically higher than even the competitive salaries in many developing countries, so there is tremendous value embedded in this forum,
and enriching talented and intellectual people from disadvantaged nations matches very well with the liberating anarchocapitalistic spirit of CryptoCurrencies.