Yes, this is easily abused. I can think of a transfer equip system that can be abused less than this.
Support. Although you'll be spammed with people trying to steal from you, maybe if one person challenges you, you can be challenged for 1 hour
Do it kaw and also would be good if u could attack and steal of players than some of there horded xtals droped along with their aqua/ inferno what a sick idea i LOVE IT
No if you can also get mithril, xstals, and nobs from attacks/steals it would be way to abused. People would make 10 alts just for quests and take them right after the alts earn them
I like it. Except the outside hits allowed. Perhaps this way items will actually mean something. I've got all the items, who wants one?