I just happen to stumble on that image. Don't know whether it's true or not, but unlike 360, One is basically a DD only console and treats disc as a DD. Because of that, in 360 you obviously can play games that don't need you to log in to live (single player disc based games only?). On One, if your account is banned, then that box is basically a bluray player only. Of course you probably can still log in with another account, but the games were tied to the banned account thus you can't play anything that you previously owned.
Because of that, a few question just came into my head. Can other people in your family circle play the game that you owned if your account is banned? Can your family play your shared games if your console don't go online for more than 24h (assuming your account is perfectly fine and you're just don't have the time to play)? For the last question, it got me wondering again... Are MS checking the license even if the console were in sleep mode (maybe wake up for a few minutes by itself or it can check while in low power mode) or only when active/on?
Edit: someone beat me to it while I was formulating my thought...