This.
Looting won't end and let's just say all the anti trade looters refuse to trade it'll just resolve itself to be a useless feature of the game. It can't be the end game if a ton of well known looters have basically implied they won't use this system because it's a terrible one. Not To mention there's a whole other ton of plans TLOPO has after full release. Isla Escondida is proof that once it is fully released we won't get anything else.
I think the only person who would trade for nothing is noobs and
@Divine. You will definitely still have value for value it is called trading for a reason. *trade* Looting probably would never go away because maybe you don't have the swords but you have to get currency somehow and most people aren't going to give you great weapons for the assessed resale value by the game. You're not going to trade away ElPatrons for less than 10,000 gold but that is how much the game assesses it for. Players may even value stuff like that at 25-50% of the gold cap. You wouldn't know where it'd go, just that it's not gold you can easily get or something of just value.
1. If there isn't trading then they could always have their weapons trashed. This is purely an issue that will occur when you don't take necessary precautions to safeguard your account. There is a rare occasion people do get hacked and did everything they could but 90% of the time someone gets hacked it's their fault for not taking necessary precautions or understanding the risks. Seldom has anyone actually been hacked in the true essence of the word. It should be "I got stolen!"
2. Looting can be a big part but it's not the entire part. I know a lot of people who are working to get better ships for SvS rather than loot so they can be the best at it. I know there are plenty of people who PvP competitively like it's own sport. There will be incasions. There will be the QAR. There will be more stories as indicated by TLOPO themselves with Isla Escondida.
I applaud people like yourself finding the time to loot in a busy adult life. It's great. I wish I had the time a to commit dedication to this game to loot as often as you do. Unfortunately the average person doesn't. We shouldn't be punished for it. We can't work hours upon hours of looting when we have little time at all. I know for a fact no matter how often or how much time you put into looting that it can be frustrating. I know it is for you as I recall the admiral cutlass thread not long ago. Some, if not many of us, don't have that time. We would like to savor this game too but our hard work and energy goes into our real life where bills have to be paid or we have to learn in school so we can eventually pay bills for our lives. Trading doesn't devalue looting. It reinforces it.