While a lot of players have alts - a lot also don’t.
It’s been mentioned elsewhere - but then that leaves the player with an odd strategy of having to go through each covenant and leaving the one they actually prefer until the very end - so that they don’t get hit with the punitive aspect of swapping covenants.
Definitely an odd way to approach the system, especially when you’re having to hold your preferred choice until the end and especially when you know you’re specifically joining other covenants with the intention on leaving them at some point; all around going against the “RP” approach that many players are saying this system helps to promote.