Thanks for all feedback, guys, and taking the time to read it. It's clear that everyone has their own ideas for what they'd like to see happen, and that's cool. This proposed idea would be far from perfect, but all I'd want to see is any system that does 2 things:
1) give me more interesting choices, or any choices at all, which the current paragon system simply doesn't provide past para 600. All those commenting about how it would be "too complicated" - the game is and always will be only as complicated as you want it to be. The game already is quite complicated (if you delve into the deep end of min-maxing, which most people don't, and don't have to). If this alternate para system was implemented, you could simply put points wherever you wanted and it wouldn't matter - only those interested in squeezing out the most of their builds would it matter.
2) disincentivize botting. I do not, and did not, claim that this system would solve botting, although some commenters think I did claim this. Putting some sort of soft cap on paragon WILL disincentivize botting, to a degree. But this will also need to be done in conjunction with other soft caps placed on the other infinite power progression systems.
Hey rebjorn, thanks for your informative feedback. Yes, I do agree, I would absolutely support a leaderboard adjustment, especially if it was a more technically feasible solution and therefore more likely to occur.