I'm just pointing out few things here.
I just get in to test this up and I must say if this goes live in current state I'm afraid this is going to be really abused and the economy will simply tremble and the magnitude might even be similar to some bot incursion alike.
It's my feeling that it's just way too artificial, I'm not sure if it's just ment to be easy or it's simply not polished enough, however at some points I have been attacking normal guard NPC's (not those immortal ones) and the other NPC guards near them weren't even reacting, they just waited till I kill they fellow friends. I mean really? I supposed there should be some timer where the word is spread out and some patrol / guards / OBLIVION POLICE (TM) comes and popps me out, but no. I just kill NPC, loot them over and sell all the stuff they dropped for sick amount of gold. I can still use wayshrines so whatever I just jump in to the big town with bounty on me and I'm still able to just move around unseen like a normal civilian (there is just not enough guards and their detection range is way too low) I'm getting to fence and selling all my goods, easy. The crazy thing is, death is so meaningless i can just let the guard kill me and it won't change anything, no punishment at all, I respawn at spot I still have all the stolen items (lol? Tamrriel Police just so cool). And even Bigger joke is ALL THE BOUNTY I had on my head is now cleared and I'm ready to steal, murder, *** chickens (maybe I went bit too far).
This is just way too lame, way too easy, way too populistic. If you are criminal you should feel like you are criminal, every ****ng person, everywhere you move should scream run, refuse to talk to you should be hunted and run, cry, hide... and so on.
I really think there should be much more limitations to this, much more risk involved. Like real threat of being forced to PAY gold, so the bad criminals would actually need to burn some gold in order to "train up".
I know that fence is limited but still, with just right technics, bit of time invested for preparation I think it's possible to turn this out for most lucrative activity in the game in current state this will be abused and will in fact turn out in gold hiper inflation, and later economy downfall. I just won't spoil details here so it won't spread like a cancer in case it's not fixed / addjusted, however if my input is needed somehow by devs im there, feel free to ask. For the moment I just recommend you polish this system up and at least nerf the rates of drop or increase difficulity of NPC like add a small chance that guard will spawn (best option I guess).
The punishment should also be bigger, for instance If catched more than once in same day (or period of time) you should be forced to pay gold or put to jail or any suitable punishment (put it there)
Maybe also the ability to use wayshrine should also be nulled when you got bounty on you? Or at least but few guards at them seriously make it harder for people or this will be a disaster. It's quite nice feature with lot of potential but current execution just doesn't feel right.