Can we just not have Honor at all?

Positive reinforcement can be an effective tool at encouraging behavior that should be seen, but in the case of following the Summoner's Code, this should be taken as a given. It is expected of every player that they follow the rules. If they do not, their account will be suspended, simple as that. By introducing an arbitrary reward system that provides the same content we already had access to, the effort is to homogenize into competition to attract more players. League of Legends is the only game I am aware of that blatantly advertises a moral compass this flagrantly. It provides no gameplay advantage, only cosmetic rewards we could already obtain through other means.

It's nice to have, but by absolutely no means necessary.