Unfortunately my wonderful, well articulated post died because this forum is rather basic in it's options for multi-quotation but I will sum it up as such:
Twiztedmike wrote:Let's find his server and kill him until he quits
This is the kind of behavior we want to avoid and sadly, it seems, the kind of behavior most PvP-enthusiasts want to spread. Most people are afraid of this specific behavior. The behavior of 'kill everyone just because we can' and the 'fun born from ruining other's fun' as that feels like what most want from their PvP.
I think that a good number WOULD actually leave peasants alone if they paid a tribute of sorts. However I think an equal number if not a greater number would just slaughter them for two reasons:
They'd get the 'tribute' and them some, anyways.
Slaughtering them is asserting their power and many who prefer PvP as a mainstay to their games enjoy the relishing of power over another person.
If I believed that most would actually play the game as if it were a real medieval life, i.e. trying to gain the biggest advantage without ruining their 'stock' (i.e. the peasants producing said advantage) then I might be okay with it but my experience with many, many MMO games speak volumes about how this will not be the case.