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Are there any penalties for dying?
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allanlim: Are there any penalties for dying?
You loose your survival bonus. Other than that, I don't remember.
You lose the survival bonus plus the stat increases you had accumulated from not dying(it's capped to 25-33% IIRC).
You lose gold also out of memory.

But worse than all of that is yep...the survival bonus % u lose....heartbreaking!!