It sounds less like that, and more like you're describing a challenge.
That's...technically true. If you really tilt your head and squint. In the sense that what Sisyphus experienced was a 'challenge'.
But no matter how you look at it, actual pvp would be pretty much nonexistent. Actually staying to fight someone will never be time efficient, so they'll always run away and try again. There will be no reason to kill the defenders because they'll be back in 2 minutes anyway, so the only functional way to disable them is to just constantly interdict them in a faster ship over and over until they feel their time is being wasted and they log off.
Congratulations, you've just invented griefing.
If you actually want pvp, as you claim, then this is complete opposite of how to achieve it. All you're really creating is game-mandated ganking and trolling on a massive scale.