My personal opinion on that matter logically is that the new PK system is worse than the old one,
Now you can PK endlessly and just use a pk scroll worth only 500 personal rep, (we have milions of those rep + daily quest etc) meaning u will never get out of rep.
On a second note, now i can enjoy PKing all the noobs (to use good words and not get banned in forum) that used to PK me every night when i go sleep ( Nova)
Now its so fun, i give them a good Revenge, they dont even leave town when i am around. since all XP (90%) is aquired in Dethrone i dont rly care of being pked outside of town now. they know that they dont do as much xp as i am in DT so for them Fafu is still important % of xp they get weekly.
SO i would suggest to not change that system for 3 months so i can bully all the one who bullied me ( not pking ppl who didnt do anything to me) but logically this system must be changed to 1 Scroll per DAY at max, otherwise if it stays like that, some ppl like me will have the power to destroy any XP event for some ppl and PK endlessly (which at the end brings pvp when they try to defend themselves)
Conclusion: This new PK system sucks, must be fixed, but ill enjoy it until they fix it.