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I think a user content generated community where huge number of people participate needs an explicit feedback system. We all want to learn from the good sources and filter out what aren't worthy and we need a way to distinguish them. If you think the point rating system isn't good, it doesn't necessarily mean we don't need it.

Here is my suggestion: How about we use the absolute points to rank a comment in a different scale, such as if a comment collects enough a number of point, it will be ranked as 1 star, then 2 stars... and so on. In this way of rating, we not only get what we want but also not to follow "group thinking" as someone said in this thread.