Just to clarify: the green pips indicate your current 'reputation' on the board. green being good and red being... not quite so good... The more green pips you have the better. You can hand out rep points to others which in turn adds to their reputation level by clicking the
on their post (located just above the 'Join Date', 'Location' and 'Posts' area). I give out positive rep to anyone I feel has made an outstanding post and has contributed something special to the board.
While this is a very popular system that is used on a countless number of forums out there, this system can also be a little complex for people who are experiencing it for the first time so please feel free to ask any questions and I will answer them as best I can.