I'm not sure it would work for an online board.
The shriners show at one time had an award named after a hobby pioneer, I don't know what the criteria was, but it was sort of similar. Not sure if they even do it anymore.
The major stamp collecting group I'm in has a "roll of distinguished philatelists" thing that's pretty cool. An actual large scroll they have the people honored sign. To do that you need a very long time contributing to the hobby.(Like 40 years, or a handful of huge contributions over a shorter time. )
I saw a list of who was on it, and I had heard of nearly all of them. And didn't see any I'd have disagreed with.
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