I have played for a few days now and I have died many times. A solution I came up with is that each time you die, you drop a percentage of your total loot.
To explain, I can generally get to the point of having a house with a door, campfire, a wood storage box, and some food. At this point, I generally have other obligations. So, I log out, and when I come back I see I have randomly spawned with nothing that I worked for. So my suggestion is that once I log out, the loot potential I have will reduce. For items on person, I would lose 75%, for items in the wooden box, only 50%. I think this would help the new players by allowing them some more items at spawn, while allowing the veteran players a reward for raiding.
When killed in sleeper mode, lose only 75% of items on body, and 50% of items in wooden boxes.