Inquiry: Leaderboard Points

[quido]

I'd like to know how you guys think points on the leaderboard should function. Basically, how should it be different than it is now? Assume the board has access to what level the people are.

I have an idea of how I'd like to see it, but I'm curious to see what you people think without the ideas being fettered by ideas of my own.

Right now: people are worth 5 points base. Every time a person is killed in PvP, their killer steals 10% of their points. Penalties for people who have died recently.

Example change: All people level 55 or less start out worth 1/10 the points of people in range to 60 PvP. People with no kills are further penalized an additional 66%, and people with 1-2 kills are penalized an additional 33%.

What do you guys think is the right way to do it?