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As a current cowboy, I really dislike the idea of cowboys getting more privilege somehow.
Also as a current cowboy, I agree.
It seems to me that most responses here see SN trust and cowboy status as almost the same thing - or at least somehow related. But as far as I know, that is not the case. And the ranking FAQ doesn't even mention cowboy hats.
What I have seen, are stackers saying they don't trust non-cowboys (as much). That could indirectly influence rankings, I guess, but it's not (currently) part of the ranking algorithm, is it?