The reputation system is not perfect because it can be gamed by buying upvotes, but it is better than nothing.
I think the Steem-ua system is much better but it requires more testing
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Better then nothing? I DON'T THINK SO.
Not at all.
Reputaion is meaningless. Just look who is at the TOP. That donkey !
Ant there is maybe 5-7 more in the TOP20, to whom I would never give a "reputable" tag
REP these days is nothing more than "how much one invests"