What if knowing a loophole in the code is what makes you the better pker? In truth, what you are exploiting is not the code, but the admin's intentions. It isn't a matter of fair play, but one of courtesy as a guest (even if that means being courteous to an incompetent host).
Of course, if the admin's intentions aren't obvious, then anything goes. Whether a particular innovation is good or bad for a game is a matter of personal preference.
If the personal challenge wasn't there (even such challenges as finding a good challenge), then the innovator wouldn't have any motivation to use his innovations, and thus wouldn't use his innovations. The fact that they do use them proves that there is a challenge involved.
Or if you take a utilitarian approach to this - and you certainly can - then you can no longer claim that the objective of the game is winning. Rather, the game now centers, perhaps, on creating as effective as possible a tie in the end. There is challenge in that, just not the challenge of winning.
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