Oh yeah.
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When you log out, your avatar 'sleeps' in the world and anyone passing buy can kill and loot him. After 24 hours, wooden structures you built begin to decay unless you log in to open and close the doors. You can see the addictive nature of this; you just spent a week raising yourself from naked chump hunted for sport to owning a five room, two level fortress, clad in Kevlar armor and carrying an assault rifle with a laser scope and silencer and now you're going to lose it all because you took a weekend off?
I don't know how long ago you played, but this varies from server to server. The one I'm on now has the crafting of explosives disabled, though still possible to get through air drops. This makes it so explosives are rare and valuable and people aren't just going to go around bombing wooden shacks. They've also set up an economy system of sorts where you gain "Rusts" for killing mobs and players which they just added today.
My fortress rests on top of a very tall mountain near abundant resources along the east coast of Rust Island. There is only one very steep path to climb to access it, and it is well hidden between a maze of rocks. Recently my stepdaughter has joined me, and I've set her up with some nice gear and her own room. I also feel like I'm wasting a lot of time though... we were both up until 5am this morning building up our "house" and crafting weapons.