Yep I enjoy PvP, this game doesn't get it I'll be out, so will about 50 of my mates. Not looking to cause a stir, or "grief" looking to hunt pirates, most specifically. But in order to do that, pirates need to be able to function, to be worth hunting in the first place. Also need the ability for you wronged traders, to use your wealth to set player redeemable bounties on these pirates, or they get away scotch free. I don't think any of the PvP centric players are asking to do anything to Traders without consequence.
But that's the thing yeah? Your choices need to have meaning, consequence...you want to pirate, you pirate the wrong one, he might kill you, or have you hunted, that's the risk of your job. You want to trade? Pirates may come knocking, want to Bounty hunt? Needs to be a consequence for that too. It's all about choices making a impact on your experience, and giving the players the ability to shape the game, through interactions, good, bad, and neutral. Not about right or wrong, it's about depth and fun. You hate pirates? Fine, Bounty hunt them, don't wanna do that, if one wrongs you, place as bounty on him, cackle when he gets ganked by the bigger fish. Everyone wins when things are done right.