Hey all, long time since I've popped by
Here's my two cents:
I voted yes originally but after reading through the comments im in-between. I do think that chatbox is a very good part of the community and is an easy way for members to discuss and talk about whatever comes to mind without the traditional thread-style posting. Now, while I don't want elder rank to become useless, I do feel as though ChatBox should be something acquired fairly earlier whereas green-name is more of the prestigous side of it. I also don't think members of the community should just take anything some random user (especially an elder) as law or with complete trust, that is something that belongs to staff. Now premium is much harder to obtain with the reward simply being blue name, correct? I think an easier solution would be to raise elder ranking to become higher and add a different rank as something for ChatBox. Doesn't Elder User sound much more trustworthy than something like Member+?
tldr; Raise elder rep to 100. Create new rank at 25 or 50 named something like Member+ which would unlock chatbox. Allow existing elders to remain. Clarify to the community that green name (or even blue) doesn't exactly mean trustworthy.