With exception to the core of Nihilum most of us are here for the pvp, saying there isn't any content for the 50's is just dumb, pvp is the content for most of us. The only reason there isn't more world pvp is the resist system, if it gets adjusted a bit I could easily see people logging back on.
Increasing the xp rate isn't going to cause a mass wave of 50's but even if it did all it would do is create more content by creating more pvp. If you don't see it like this it's likely your from blue and carry with you the blue mentality of if there isn't something to fight over, why fight at all. A fresh 50 still has to farm a ton of gear, introducing multiple level 50's to compete for spawns is also creating content by giving people something to contest. Basically there isn't a negative side to increasing the rate at which people reach max level as it is creating more content for the so called content starved.
On a side note, increasing experience even by 100% wouldn't make the grind so fast that you would be any more willing to risk your character and equipment by exploiting. Sure, people will always try and find ways to abuse game mechanics and stealth their way around detection with 3rd party programs. Blue is the perfect example, pretty sure not to long ago one of the top guilds was caught exploiting Vox for items an expansion old. The experience rate isn't making these people do this, they think they can get away with it so they do.
Solution - If you don't want to ban these people, strip their characters and slap a surname on their dumbass for people to laugh at. The suspension isn't enough, you strip a few characters and people will be scared as shit to step out of line. If you think being stripped of pixels is to harsh, you must not really want the exploiting to end.
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