For me personally, nah. I would rather let my merits expire than give them out to shitposters or tryhards that probably have 4 alt accounts.
You can't possibly tell me for a whole 120 days you didn't find any merit-worthy post to give merit.
You're right, I can't. I just checked BPIP and I've sent 850 merits in the last 120 days. Its not like I'm not trying.
I know the quality of posts on the forum is down, but not that bad.
Its atrocious. Possibly the worst its ever been since the introduction of the merit system. 90% of threads these days are just heaving loaves of unreadable garbage. This is because 90% of accounts on the forum don't have anything interesting to say. They may as well be bots.
Every once in a while a new / new-ish account will surprise me by writing something unique or interesting, and I am sure to reward them with merits.