I was not involved in the closing, but here's how I see it...
I think Daniel summed it up well in his comment:
Basically, your question is very broad. It's like asking "what value does playing chess have?" Do you want to know why people like it? What the difference between "crowdsourced" games and OTB games tends to be? What do you want to know about it? You do ask "is it flawed?", but that seems like asking "are chess players flawed?"
To me, your question reads like a great discussion starter, but I'm not sure that it's an answerable question in our Q&A format.