The people who opposes this system are basically those
....
That's a needless fallacy right there. All the reasons you've listed are not all the reasons for which some might be dissatisfied with this solution. E.g., I know at least one user who shared their concerns with me via PM. The introduction of a complex system is a joke given that what we really needed were simple solutions to the disease that spread within this forum.
I guess just withholding sMerit until it decays would be a sign of protest.