I take back everything that I said above, and I suppose that my memory is going bad because it seems that I had erroneously recalled that my initial airdrop of smerits was 200.
I got 200 sMerit airdropped, even though it should have been 400 based on theymos' formula.
From what I've read, QuickSeller had exhausted his sMerit supply, and has been sharing more sMerit than he earned since theymos added 8 Merit sources. So I believe he's a Merit source now.