The notion of "First Come, First Serve" comes to mind when I entered my first dungeon. Luckily I was with two friends, one of which had already done the dungeon and was helping me learn it, and we easily divided up the chests we came across with no problems. But having run the dungeon again, this time with a PUG, the attitude of 'let's share chests' wasn't shared and two people ran for the chests as soon as everyone else started fighting.

I honestly think the developers simply didn't write new code for the dungeon chests, instead reusing the coding already in place, because it might not have occurred to them that this could, potentially, be a problem.

The loot system also, before the recent patch, made it nearly impossible for a healer to get decent drops, or for someone not putting out enough damage to get something decent which, to me, is both a good idea and a flawed system; it's a good idea simply because it ensures that people who are doing the brunt of the work get the bigger loot purse, if you will, but also a highly flawed one because that shafts pure healers who generally, you know, just heal people during a dungeon run.

They adjusted the dungeons once so there's a possibility they could/would adjust them again to balance out the chests. Personally, I'm hoping for a patch that makes in-dungeon chests a group loot instead of a 'whoever got the chest first' one.

We'll just have to wait and see!

I dont like how the current system impedes momentum and group progress inside. You can take the time to figure out how chests will be handled before you start the run, but you still have to stand around for all the opening and linking.

Maybe place fewer chests with more in each one, and a group loot or a bidding system to protect against teenage ninjas and their turtles.

If there is one thing I dismike, it's this.
Come on, share the loot automatically please.

I think you just communicate and take turns. Seems to work well for all groups I've been in. IF you don't have lock picks your omitted.