I've had a similar idea I've posted before (though not in a specific forum, just in other forum posts) and my thinking is for every 50 point accolade you get a ribbon/medal to wear. IIRC there aren't that many 50 point accolades, so that would solve the problem. But things like STF accolades could be medals, everything else be ribbons. I think a lot of us are on board with this idea and would probably pay a nominal cstore price for the chance to wear it.
but alas, cryptic and PWE are more worried about nickel and dimeing us with things we don't want/need as opposed to things we would actually like to have and use. typical really.