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In spite of this it seems like most of the activity is for what I'd consider very low-value questions.

Already when I was a student working on my thesis, my issues were too advanced to ask questions on SO. I asked but I got no replies.

At the time I would answer to others. Now I don't really bother. I often see a wrong answer being marked as correct, because it came before an actually good answer.

For me SO now is at most a website where to copy boilerplate stuff like "how to create a unix server socket".

Welcoming and newbie-friendly are not the same thing.

QFT. There should be mandatory 'why this question was closed' in cases there was and (misinformed) effort. Currently it's -10 closed, no comments.

There is?