When someone sees a loot cheat on destiny I feel like there should be something we do to tell others we found one. Like point to it or something. That way everyone benefits from a loot chest and gains materials from that area. I know I have gone plenty of times to the Cosmodrome to look for spinmetal and loot chests tend to give more. I try to point them out to people but they never figure it out.
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I point and wait a few seconds to see if they look before opening it. I used to make an effort by pointing and jumping and trying to get them to follow, but I've only ever gotten two people I wasn't in a party with to come and grab the loot. I still try, but it's more of a polite formality at this point.