David Goodman wrote:
As for BOLD, I have never seen it cited for good ends; most good editing doesn't need it. [...] Personally I'd rather remove it from the guidelines altogether [...]
I think its failures are loud but its successes quiet. It was very important to me starting out, and I use it a lot in encouraging non-participants to join us. Coming across this giant enterprise, it's easy for cautious or shy people to not make changes or to just make quiet suggestions on the talk page. We want those people to just jump in and participate, even though it's scary for them.
Of course, the [[Dunning-Kruger effect]] means that [[WP:BOLD]] will never be an unmixed good.
William