1. He receives a chain link attached to his ankle. Each link he wears slows his movement speed down. He can have a maximum of 10 before he can no longer walk at more than crawl speed. He can have a blacksmith remove the links, one per RL hour. However, the blacksmith would earn some form of bad reputation for each link removed and thus, also earn links after so many are removed for others. Once the player is maxed out (10 links) that player can also be captured easily and placed in jail.
I prefer choice...if I want to PvP or not, I say yes or no. But if that can't be here, then please...make sure the cost to the PK'r equals the loss of the player being pk'd.
Bottom line, I don't want to lose hours of work. In fact, I can say that I won't do it for long if it happens.
Just my thoughts. :S