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Do people really care about allakhazam rating so much that they mark other post down so theirs will be the only one high?
Whining about the karma system will get you rated down. If it doesn't effect you, ignore it. If it does effect you, ignore it.
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I think there should be a history next to the rating so that people can see who is grading down and who is grading up. Also the person that rates others should have to leave a comment of why he/she graded that rating, so others can grade him on if it was justified.
Let me show you how this works.
I'm rating you down because you were complaining about the karma system and suggesting such an obvious flaw. Now that I have stated that I have rated you down, someone is going to come rate me down. Others may agree with this and rate me back up to counter the ratedowns. Either way, stating that I am going to rate you down is going to net a lot of ratings in either direction that are unneeded. If it was anonymous, these unnecessary ratings probably wouldn't happen.
See the problem? ***** the karma, it's a nifty colored name, nothing more. If you can't rate something you feel needs to be rated, I promise someone else will do it for you.