I mean, I agree with the sentiment here, but you have to realize that would leave basically every player, even top tier ones, naked basically all the time.
Yeah this sounds more of the crucible roguelike they are perhaps going for. Not for overworld.
Its fine as it is honestly…the only thing i would change if i could is to add a classic world respawn on death, but then they would have to reballance droprates and potential bounty spawns.
And plz no item loss on death or some other bs…thats just crazy, im not wasing my time and ressource investing into minmaxed gear to just lose it to gravity death…this is not a survival game.