And every asset, of every city, and every homestead would be reduced to ashes before morning. People aren't always online to protect their assets, and there isn't even a real defenders advantage yet given the lack of ranged weapons. It would be mobs of greifers roaming around destroying everything in their path. If any resistance was met, they would simply come back after they went to bed. They could change the name to "Naked players with pre-order weapons online." My solution to this problem is found here:
http://www.xsyon.com/forum/showthrea...er-territories
For this topic lets suffice to say, I do not think that is a valid substitute for a death penalty.