What does all of this mean? And how will ranking be formed in the end? I mean… based on what?

D = Default = R – C, except not quite that simple
R = Ratings = how many ratings this entry has received.
C = Coolness = how many entries this user has rated
L = Loser = someone who games the coolness ranking. It’s the honor system, people. Everyone might think you are cool, but in your heart of hearts, you will know that you are a loser.

The R and the C of course I understand but I don’t get the D and the L. And I don’t see how a winner can be chosen based on these numbers. Is it bad if you rate more games than the number that rate you? And does it matter if you rate just anyone or specificly the ones that rated you? Will there be only one mention or a list per category?.. My first time so I don’t know these things sorry.