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What I'm saying is it HAS worked here. Read my above post about VP.
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Until memory blur became an issue.
The freemarket principle is being misapplied I believe. In a proper situation you have a recourse. The detriment to yourself for trolling or griefing is greater than the gain.
Here, on a blue server, a very small minority can break the game in ways that gives little to no recourse to the larger groups. In effect, you give veto power to a small group of individuals. The unique mechanics of EQ make this an uphill battle.
Keep in mind that on live people paid real money for their accounts. Given that the game was so new and special, people developed a much stronger attachment to their reputations. People wanted to see high end content.
Here, people are far less attached and some would rather grief than play. As it stands, a lawless environment would empower them far more than it restrained them.