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Akvod said:

Points encourage people to focus on the quantity of threads and posts rather than the quality of them. I don't really see any theoretical value to them. Does it encourage people to participate more? Maybe? But if they do participate for the points, again, is that really a good motivation? Does that improve the quality of the discussion on this forum, or help the long term health of the community?

I completely agree. In fact there are a number of things that could be done to improve the quality of discussion in this community (promptly locking duplicate threads, locking threads with little-to-no substance, taking away thread creation rights from certain users, etc). But it has become quite obvious that mods, and those who run the site, have no interest in improving the quality of discussion around here.