This is still an issue. I have lost several items as well. Mostly high level stuff , a full set of Blood Iron Armor, shield and mace. level 4 enchanting mats, troll leather of various kinds.

First let me say thanks to Jahlon over at Paradox Gaming Network for the alpha key, good dude like his content and YouTube videos.

On to the game, normally I don't post in forums, its not worth the aggravation you'll get dealing with the majority of toxic responses but seeing this is an alpha ill go ahead.

First ill be honest, this game wont be for everyone. If you're a solo player with limited time and or online gamer friends you'll become extremely frustrated with the game dynamics.
You are limited with what you can do in the game until you become part of a city and that's not an easy thing to do and it has its own set of frustrations. Sure there are a lot people spamming "join my city, I need sigs" but buyer beware of those invites.

Once in a city and you want to craft you're limited to access restrictions and other players needing to use the crafting stations.

Basically you're "gated" behind a lot restrictions . Its like a form of gaming socialism IMO.

Now for some annoying AF game mechanics. And I know its Alpha.

1. You need a Global chat ignore or at least hide the thing. No need to expand on that.
2. Autorun, maybe this is in the game. I just don't know but the starting and stopping running is choppy as hell and FFS I'm tired of clicking my mouse 19 billions times as I travel across the map.
3. Fighting multiple mobs and the loot box coming up and losing target sucks. Again maybe there is a mechanic I'm missing but I haven't figured it out.
4. Applying for citizenship to a town. If you don't get a response in a few hours have the application drop and you need some sort of notification system other than it popping up with the global chat and crafting stuff.

I didn't come across a lot of gaming breaking bugs but I am also limited on what I can do because I'm not part of a city.

In review if you have an already established gaming community (group of friends or family ) this game can be fun its built for that but if you're a solo player or casual player trying to play the game I think you'll become frustrated or worse and I for one am not willing to pay real money to be frustrated with my entertainment. That's just not entertaining. Like I said in the beginning this game wont be for everyone. But its still very early and this has a lot of potential.