atorm comments on Don't call yourself a rationalist. - Less Wrong
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A somehow arbitrary name is good, because it allows better compartmentalization.
Just like "Mensa" is better than "people more intelligent than you", or "Toastmasters" is better than "people who can speak better than you", also "LessWrongians" is better than "people who are more rational than you".
Of course we usually don't say "people who are more rational than you"; we say "rationalists" instead... but saying it differently does not prevent the audience from decoding the (real or percieved) original meaning.
Being a member of a group with arbitrary name is a hobby. Being a member of a group with some property X in the name suggests that your environment is somehow non-X or not-enough-X, otherwise you would not need such group.
Mensa has negative connotations in the minds of some people. I considered joining Mensa but decided against it when all of my friends said that people in Mensa are all arrogant, self-impressed jerks. Note that as far as I know, none of my friends know anyone in Mensa, they just have a pre-conceived idea of what Mensans are like.
People who join Mensa usually do it for signalling. People who criticize Mensa usually do it for signalling. Both groups enjoy the idea of being better than the other group. You could join Mensa and criticize it, for double signalling. I did. :D
I have met a few interesting people there, but the organization is mostly disappointing. It does not have a goal. Well, officially it does: the goal is to study intelligence and provide a stimulating environment for its members. But most members just meet and talk about whatever and also how intelligent they are and how the world does not reward their intelligence. I am afraid than any pseudoscience or conspiracy theory would be more welcome than rationality.
But if Mensa in your country is large enough, perhaps you could use it as a filter, find rational people inside Mensa, and start a local Bayesian conspiracy. Mensa can preselect intelligent people who search for something new. If Mensa will disappoint you, it will probably disappoint many new members too -- these people are already preselected for intelligence and searching for something new, just collect their contacts soon and send them to LW.
Personally, I was somewhat insulted when my mother suggested to me that I should join Mensa; I couldn't see any way that being a member could be beneficial for me status-wise.
Also, really? No benefit? It's a very obvious mark of intelligence, so anyone who is impressed by that and doesn't have any negative connotations associated with the organization is going to see being a member as high-status.
Yes, but it's not like I have difficulty signalling high intelligence without Mensa membership, without having to bring in the frequently negative connotations of being one.
See Why Real Men Wear Pink.
Their claimed benefit is the opportunity to hang out with people of a similar intelligence.