Labeling scheme?

Should we consider offering a standard scheme beyond the default for Github labels?

Here are a few interesting ones I've found:
- https://github.com/paritytech/parity-ethereum/labels?page=1&sort=name-asc
- https://github.com/neovim/neovim/labels
- https://github.com/torvalds/linux/labels

Resources:
- https://robinpowered.com/blog/best-practice-system-for-organizing-and-tagging-github-issues/

Could be managed with something like this tool: https://github.com/jvandemo/copy-github-labels-cli