BruceS:And meritocracy will lead to mediocrity

j/k. However declaring that they are now the community's does not reward the initial contributor his "ownership" has now been stripped along with a sense of pride that may come with it.
We're rewarding people for discovery, not ownership. Historically, humans have recognized the explorers by naming the locations they discover. Ultimately those explorers don't own those locations.
Granted, Chinese Admiral Cheng Ho initially discovered America in 1421 and it isn't called Chenghoia, but that's just a straw man argument. And no, I'm not advocating every waymark be deemed "BruceS markstopia" either, but that you should have credit listed as the person who discovered the waymark and contributed to the content within.