On some boards (some SEO forums, for example) reputation helps guide who's opinions and advice are more authoritative and I've seen it can work. However, GFY is a different beast and I don't see much value - this is not a help board, it's an everything board.
"Stand up" guys will get huge rep votes even if they've seldom, or ever, given any actual insight, advice or help. More than any other board, it would be a popularity contest and rep would have little value beyond that.
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