Ever notice that actual skilled players never flaunt emblems or shaders? It's always the bad kids who just barely managed to get one, once, that get all high and mighty and in your face about it.
Same with the Flawless emblem. Usually the worst players in any random Crucible game will be rocking that thing. If you're any good, you wouldn't care about it because it's so common among anyone with skill.
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My purely anecdotal experience is that often high skilled players run quite generic emblems (starting emblems, or faction emblems) - I'd guess in part to get their opponents to underestimate them, and in part because earning something like the flawless emblem is not really an achievement for them.