At least this is my idea:
When you open the client post-level/rune update, you get a Veteran's Chest.
The Veteran's Chest contains:
* 1 Gemstone
* 1 Epic Skin Shard
* 1 Champ Skin Shard
* Some amount of BE
"Cap that sounds stupid." Roll with me here. The veteran's chest is unique because the rewards inside would _multiply based on how many seasons you played._ (Played being measured by having at least 2-3 games in that season).
Including beta, the maximum would be a multiplier of x9 (Season 1-7 + Pre-season 1 + Beta), Because of this, new players _also_ don't feel left out because they get a veteran chest as well, even though their chest will only contain a handful of items.
In doing so:
* Nobody is left out.
* Veterans are rewarded for the time spent playing league.
* Prevents alt accounts/inactive accounts from incuring massive bonuses.
* BE can be used in lieu of rune refund to reward players, regardless of how much they spent on runes.
EDIT: Wow, this blew the fuck up. I'm glad this is at least a massive, open discussion. Special thanks to Cactopus for coming out to chat with us and I really appreciate the time they're taking to address concerns.