Hmmm, slightly 'a propos', but I've always thought that in terms of bragging rights (which is what all this is about), anything other than an on-sight ascent when trad climbing is kind of jokey.
Once you've grovelled your way up a trad climb, you could just pencil yourself a little memo about the gear required and where the good placements are for next time. On any subsequent "redpoint" attempts, you then leave the rack at the bottom and bring only the 3 or 8 or 32 pieces you need, and basically you're sport climbing - or at least pinkpointing. (No, I don't do this, but as far as redpoints go, hey, it's fair game)
Sure, it's harder to place gear on lead than clip bolts (or draws), but it's waaaaaaay harder to shake your way up something on-sight while dragging along a boat anchor of a rack, hoping to figure out how to stay alive with the gear you've got and the placements you see (or not) in front of you.
NEway, I guess for this reason I think the "bragging rights" point of sport climbing is redpointing or on-sighting, but the "bragging rights" point of trad climbing can only be on-sighting.
And yes, for you boy/girl scouts out there, the point of climbing (pour moi) is fun and cool scars.
"On belay? Better than being off belay"