Thanks for all the replies, everyone!
Played a couple of hours more. Did some fishing, some gold digging [which is not worth the hassle, returning a chest gets you like 150 coins], got ganked by two players for no reason whatsoever, then encountered two players who wanted to team up, but unfortunately I had to leave.
I'm not entirely sure, but dying has no penalty aside from losing whatever surplus inventory you have on your ship, right? There's no cash loss, loss of personal inventory, XP or whatever. At this point dying just seems like an inconvenience more than anything. I just brush off, get to my brand new ship and continue whatever I was doing. The only critical moments are between retrieving treasure and returning to an outpost.