You mean someone my lvl Ksing my Loot? If that ever happened they would find no safe place to hide on the Teva servers. Besides the looting thing not really the point, but as you bring it up...
This is the only MMO I have seen where your Loot can be taken. If you did not kill it should not be yours, no need for a timer on the loot there simply should not be one. If you elect not to pick up your loot it goes away in a reasonable 1 min time. Now I have played a fighter and trying to mock, fight, and pick up your loot should not be necessary. I can swing in myself and pick up the loot but that as it did caused a mess off aggression from the monsters. You should be able to kill off your mob and the loot still safely there to be picked up.
I was on me mage and I like being able to wipe out everything in site then get my loot and the other day some punk runs up and takes my little lizardman lic

. Grrr, I was so mad did not even say anything to the little punk, not like he would have given it back. I should never have to live in fear that someone may take my loot.