I don't PK or go looking for PvP. The rebuy, for me, is like money you'd budget for your night at the casino. It's already lost. If you brake even, that's $100 profit, enough for the night of entertainment to pay for itself. As a result I might stick around in anything smaller than a Vulture once the exotic weapon effects start happening. Anything with over 1MCR rebuy I'll run if I don't get a quick, decisive advantage. Doesn't mean I expect to get away. I like flying shieldless traders. I like dancing in supercruise to run a blockade. I don't immediately surrender when I'm being interdicted. If I start to feel I'm losing and have the good sense to submit, I try to low wake and risk it. The whole thing is suspenseful and I bring what I'm prepared to lose. Still sucks when I lose but without the risk there's no value to the contrary. Nothing beats barely escaping in an unarmed, unshielded T9.
It would devastate my gameplay out of principle. Every task would carry the feeling that they plan to move in that direction. PvP flags, consensual piracy, tea for two and then have it out on the cobbles. If they keep making the argument that the game is already fake I have to ask where your threshold is. Might as well collect coins and fly through golden rings to turn them blue. If you make them all blue you get a participation trophy and a special prize everyone else already has. At what point is it too much for you? It started out as an immersive simulator with two or three accepted magics to allow it to function. As they give up on things they just say, "well, that's not realistic either, just have artificial gravity and make it easy" or "Realistic? Ha! You're delusional! You don't even know what that means."
Which is why you have to say verisimilitude and suspension of disbelief.
Telepresence already damaged this game a lot for me. It was included to explain away some of the magic unnecessarily while creating the need for more magic to explain why it isn't just used for everything.
This would make the whole game just a simulator within a game I play on my computer. One step too redundant. Utterly abandoning any attempt at realism.
It was all just a dream.