This thread is not to discuss tokens and their features or if you do or don’t like trade restrictions. Let’s deal specifically with the idea of market caps on prices and their effectiveness in in curbing RMT and silver laundering from bot accounts to seller accounts.
There isn’t much to talk about regarding the short term effectiveness of market limits. They are completely ineffective in the short term. They do nothing right now, nothing at all. I have seen maybe five hard limits out of dozens of things I’ve sold on the market.
This is because the system requires an extensive sales history on an item to establish an allowable price range. It is clear from IMC’s statement that what they are expecting is for the player base, over the course of many months, to “set in stone” what things should be bought and sold for.
What an enormous assumption; that players, with limited market slots, will choose to sell every item in the game frequently enough to establish these limits.
I can see a flaw, and it is very simple: Any items normal players would never choose to trade in - and there will be plenty of these, considering market slot restrictions - will be fair game for RMTers. Possibly forever.
In the event of a certain item becoming a primary trade item for RMT, one of two things will happen:
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The item will, after dozens or even hundreds of successful RMT transactions, will have its “value” set by these nonsensical transactions and become impossible for players to trade in normally, or
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The item will never have enough transactions to establish a price limit and will remain a viable solution for RMT in perpetuity.
Either if these is unacceptable. The system can’t work because market slot caps prevent players from attempting to deal in all but the most in-demand items. In a game with hundreds of thousands of bits and bobs to sell, we’ll never reach the point of market balance IMC is hoping will come about.
There is a solution to this, of course - restrict market access behind things players do naturally that bots do never. I’ve seen two suggestions to that end: