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I think, at a minimum, it would be a good experiment. Hey I know, they should let more of us into the Beta and let us try it out
But it seems to me that it would just turn the AH into a lottery for the sellers and buyers. It would take too much control away from both parties and would probably be less fun. I'd like to think that I COULD buy something out if I wanted, but I choose to bid. As a seller, sometimes it's nice to just do a fire sale and get rid of it, or to put up an overpriced item and wait for that sucker to come along and buy it.
I DO think removing buyouts would be a somewhat balancing feature, but I also think it would need to come with removing minimum bids for it to be truly equalizing. For completely un-skewed curve, you would need every data point from zero to the crazy high price of an item. To that hypothetical guy who just sold his IK set for 5g . . . sorry man, statistics are a biatch.
I actually believe that the RMAH will be used right away(relatively speaking), this is my reasoning in its simplest form.
Do you want the best item in the game? there's someone that does and they are willing to pay for it the minute it is available. And if people find items of any real value then the person that finds it will most likely try to use the RMAH to profit if they don't keep it for themselves. Also with the shear mass of people that will be ripping through the content i'm positive we'll see the RMAH is use very quickly. Now the number of transactions per day may be only 1% of the GAH but if we expect 1 million transactions/day in the GAH then that still leaves a possible 10,000 transactions/day in the RMAH.
PS: I say let the markets decide price, it's a beautiful thing.
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