Honor system is a failure; barely linked to honorable players.
Honor system is more of a "Look at how many games I've played without getting chat restricted or banned!" Honor 5 players aren't more honorable. In fact some of the most toxic players I know are Honor 5. They just don't get caught by the automated system. What a joke.
Sure it feels better for most players, until they realize that just about everyone gets Honor 5 just by playing enough games.
They should change the banners to "No-Life 5" because that's what it actually is.