I've been thinking, what if your quality post is good and on point but still nobody merit you because they dont give a sht for the merit system or they're lazy to do so. So the conclusion is they will be stuck at their current rank?

Yes, but they will send merit points based in your post quality that is why if you want to rank up you need to create more constructive and eye catching post to get more merit points.
This new features will avoid shit poster or it will be warning to all members of this forum to improved our post quality to get merit points and able to rank up our accounts, also i think this would be a basis by the manager for accepting applicants in the campaign.

I waste my time reporting spam and bullshit to the moderators, over and over again.
Now I can be constructive and reward good posts instead of punishing bad ones.
I would say that is an improvement.

This limits my ability as a source. I want to spread the sMerit I have (200ish right now), but with that, I couldn't right now.
I would be limited to give many sMerit to a few people, rather than giving a few sMerit to many people (eg 10 to 20 newbies to help them rank up).

ok all admins/mod please read this , if you find it helpful then implement it -

solution to make sure smerits get distributed on daily basis to most of eligible members without any fraud -

1. increase smerit supply first .
2. to check fraud implement these rules -
a. A person can give only smerits to max 5 members per day .
b. a member cant give smerit to same person again until he give it to 5 other different members .
c. any member who shared his smerit to less than 5 members in a month , reduce few merits from his account . bcoz he is like inactive member of forum .
d. a member can give only maximum 20 smerits to other member in a month . it will help in stopping grey market .
OR if a member have 100 smerits then he cant send more than 20% of his merits to same guy in a month .
e. all the existing members who are already at highest rank , they should receive at least 20 merits per month form other users to keep maintain their rank , those who fails get penalty of -20 merits .
f. will think more and edit the same post .

This is going to be a real surprise element for many  by the time they log into their accounts today. The most pained would be those below the member rank for their zero merit accounts as they won't be able to place their liking on any constructive posts of their choice. No doubt, this development will help reduce spamming incidents and account farming. Also, it will make many high ranking accounts go dormant in frustration once the inability to get merits increases.

ok all admins/mod please read this , if you find it helpful then implement it -

solution to make sure smerits get distributed on daily basis to most of eligible members without any fraud -

1. increase smerit supply first .

2. to check fraud implement these rules -

a. A person can give only smerits to max 5 members per day .

b. a member cant give smerit to same person again until he give it to 5 other different members .

c. any member who shared his smerit to less than 5 members in a month , reduce few merits from his account . bcoz he is like inactive member of forum .

d. a member can give only maximum 20 smerits to other member in a month . it will help in stopping grey market .
OR if a member have 100 smerits then he cant send more than 20% of his merits to same guy in a month .

e. will think more and edit the same post .

not all members like you vod lauda mprep etc .
some of you guys cant do this , we need all senior members of this forum to do it with honesty , if you think it is possible then we will meet after 2 months .

Yes thats a good point, but don't you think it'll be better if we have some kind of SPAM merit button, like if someone receives 10 spam hits in a day then 1 merit can be deducted from his/her balance.

I think this new system would be great if it was implemented originally. Also, it is kind of sad that ranks just inherited certain amounts of merit. People with high ranking accounts pretty much just got the biggest hook up that could have been provided to them. I mean seriously, I think if the team here at bitcointalk reevaluates this after a month or two and realize what they did, they will end up reverting some things with this new "merit" system, or doing away with it all together.

About a decade ago, ATS (Above Top Secret), the greatest forum in the world back then, had a similar system with start ratings for each person and post. Their system was MUCH better in terms of design and functionality. Maybe take a look at that and redo this change which will only make it even more difficult for members to rank up. Some people, who contribute often and with quality, deserve a system that makes it easier for them to rank up.

If the merit system gave stars next to a user's name, with visible icons, and did NOT cost merit to be given merit, then this might work better.

Just my 2 cents.

Trivia:

For current members, your initial merit score is equal to the minimum required to your rank. Of that, a certain amount (less than the usual half) is spendable. The spendable amount was calculated based on your current rank and the number of activity points you earned in the last year.