I don't have a problem with it, really. Once Inks disappeared in a puff of logic and he was no longer around to give out 10-point infractions for piddling crimes, it worked fine.
Yes. It's also a very effective way to mute obvious trolls and socks.
Surely, that can be done by another means then having to assign 50 points to the post of an obvious troll or sock.
I say scrap it. It was created as I recall to reign in Hamilton and his socks though I might be wrong on that. And guess what, it failed miserably at this considering he went four years as a contributing poster causing no harm to anyone, before someone finally made the connection using posts from four years ago. And that only happened because of his concidental hiatus coinciding to the time that another unrelated poster was unbanned and then rebanned.
Since then it has only contributed to the sanitizing us of disenting political views and allowed people to take out their personal animousities in an attempt to drive up posters points.
It is my opinion that most of what I view as meritless reports result in a no action decision. More than half the reports result in no action, perhaps two thirds of them. As I said before, my view is that the point system neither does much harm or good. And I have no problem really in seeing the point system go, as long as posts that result in an action being taken against a poster are readily available for review later by the Mods, if they need to decide what to do about a poster, and all the Mods have a mute button to use in emergencies.