I was going to post the same rant but I will just add onto yours here...
This game is SUPPOSED to be a sandbox but if you want to play in a private session then you get a gold/level penalty, well neither FLEETS nor CUSTOM SEAS will fix that.
You are still trying to force us into public PVP servers so it isn't really a sandbox if we can't do anything without being bothered by reapers or having penalties/handicaps.
There are already incentives to play high seas like Reapers being able to get bonuses on all treasure types, not to mention being able to turn in multiple grade 5 emissary flags.
The lack of captaincy in safer seas still amazes me too, I can understand an argument for the gold handicap even though I disagree, but there's no reason to remove captaincy.
Why even add more features like 'fleets' to safer seas if you're not going to remove the penalties or add captaincy, I don't know why your developers keep doing half-baked updates.
Players will now be able to play in 'minecraft creative mode' with no problem but if we want to play 'survival mode' alone then we're still penalized, does that really make any sense?
So again I will ask what these developers are so afraid of with safer seas? If it's about players making too much gold, I think there is plenty of stuff to buy in the shops to keep them busy. If you're worried about the public PVP servers being empty, that should tell you that maybe not so many people WANT to pvp as you first thought. I just can't understand the thought process of keeping safer seas so restricted, especially with all these new updates happening.