Yes, I agree that how strong a deterrent is is not necessarily the best way to decide how to punish. But again, I can't claim it _would_ work, I'm just saying t

Yes, I agree that how strong a deterrent is is not necessarily the best way to decide how to punish. But again, I can't claim it _would_ work, I'm just saying that there are other reasons to punish people who willingly violate basic rules they agreed to previously. If there were no consequences to those violations (like there often aren't any if you violate some less important road traffic rules) I'd say "screw the rules", but if someone is winning millions, fame, respect etc. at the expense of his fair competitors, I'd say "bye bye" as soon as I could. Such moral violation is for me first sign that counterparty is dangerous to the well being of others. Why not exclude such counterparties from the game altogether? I don't care as much if it will deter the future ones, I just want the ones already caught to be out of the game!