Yes it does, but so what? A Beeline I2I will have double the strength of a single line. At 6000 lbs breaking strength single line, doubled to 12k, then rated at only 50% of original breaking strength because of a double overhand knot (double fisherman's done only once) rather than a splice: you are still WELL within safety guidelines.
In fact, your body will probably be torn in half by the stress of a fall that could break that rope. If it fails under load, you will probably not ever know about it, because you will break before the rope does.
I suspect that beeline would choke down and sever the climbing line before it failed on an eye-to-eye friction hitch. It has remarkable heat resistance not found in climbing line.
Of all the events listed in the injuries forum, I don't think I have ever read about an equipment failure that wasn't related to being cut with a chainsaw or breaking under questionable conditions.