I vaguely recall one of the merit fonts getting busted for doing pretty much the same thing not that long ago and the response was they are a merit source and can divvy up the merits as they wish.  I doubt blue Snow is such the newbie they are making themselves out to be - there's plenty of self scratching and back scratching between the DT1's of this forum.

If there was a seven day cooling off period between when merits were received and when they can be sent out, then that might just slow down this kind of exchange.