Rework the market system to allow purchase offer listings and eliminate undercutting

[ForteNightshade]

literally no one said anything about SE setting an average. the average would be determined by whatever people are selling and buying them for. you completely failed to understand how a system like this would work. the market would still be player driven as is OSRS's.

For someone who likes to throw around insults, perhaps you should actually read the replies you're responding to? I clearly said "if" while outlining a hypothetical. Just because someone disagrees with you doesn't mean they have no idea what they're talking about. Your ideas aren't the end all be all.

And how is this a problem? If its too low to bother with, then people wouldn't bother with it, resulting in less people making it.
Which would lessen supply, and after a while the price will go up until people can be bothered with making it again.

Items are only worth how much someone is willing to pay for it, so averages work well in this regard.

OSRS doesn't work by setting one price and leaving it there, the average price changes based on what people are buying things for.

I feel like people don't know how the market works in general.

Because there is little incentive for the buyer to list high prices. It takes control away from the seller entirely since they have no idea what market trends are. Basically, it can easily lead to a lot of low-balling because, as I said, the buyer has no reason to set their cash out price high. Furthermore, this could make botting worse. How they have full anonymity alongside what is more or less an automated purchase system. A bot that can produce 30 full stacks of 99 Infusions can immediately sell them once they find the magic price and utterly flood the market with none being the wiser.

Changing the market to match osrs's Grand exchange would eliminate the ability for bots and players both from continuing this sleazy practice. You want your item to sell quickly, you list it below the algorithmically determined average (as dictated by how players are buying and selling them, again to reiterate so some of you smart ones don't assume i mean SE is setting market averages again) and guess what, it almost always sells instantly because players also have the ability to put up buy offers and wait for a purchase to come in much like someone putting up a sale and waiting for the sale to go through.

... no it doesn't. As I described above, your idea helps bots. Now they can operate with complete anonymity. Just find the magical purchase buyers have set and mass produce from there. They could sell their entire stock in seconds because no one knows who they're buying from or knows what to set their own prices at to be competitive. And once said botters have figured out this price, they can just dip it lower and lower if someone else encroaches. They can also tank the market completely ala sell Infusions for 500 gil. Why? It's a bot. They couldn't care less about how high the profits are since everything is profit. They had a script doing it.