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I don't think it would.
But it might make developing the emulator take a longer time to complete.
The next problem would be about having the right PC specs to handle the new games.

I guess Breath of Fire and Golden Sun for the Game Boy Advance.

Bullying seems to be the real issue here.

I don't know but why do some people take offensive/derogatory remarks so seriously?
I do understand that this is very dangerous if directed at children...

That would probably depend on your country's laws and diligence in enforcing them.
Some countries forbid piracy but are pretty lax when it does happen.

Some people or companies also don't find it...

I guess, I'd still be living my normal life.
The scenario doesn't really say that the zombies are after me.