What if?

What if someone got Kabams permission (or not) And remade realm of the mad god? Only some handpicked people would be admins, there wouldn't be a shop, so players would get stuff with pure skill, no coins just fame, and no stars, that way the pros wouldn't pick on the noobs. The only economy would be like a black market of players selling things, nothing would be soul bound and if you died you can pick out one thing from before you died and you could get it back?

you're basically describing a private server :/
other than the 'pick out one thing from before you died and you could get it back' most private servers offer the same features as you have described above