Please Squeenix, implement blind bids on the markets...

[zenmetsu]

I liked how FFXI's Auctionhouse worked with it's bids. It was almost a little meta game in itself if you knew how to work it properly. You could make quite a lot of money playing the market.

You don't need market gimmicks like that to "play the market".

Indeed, the very fact that there is an argument on this topic is a strong indicator that some people "get it", conceptually, while others are "getting it", rectally.

People that ask for a blind bidding auction house are the lazy ones. They want to dump items on the AH for prices that are higher than the fair market value and hope that someone else is too lazy to bid incrementally. Ultimately, undercutting still happens (it did in FFXI) and the savvy shopper will always end up buying the item listed below market value.

The converse argument can be made. Crafters can bitch that a blind system screws them over because other players "blindly bid" the going market rate and the prices of materials never fall because no one is smart enough to underbid. Next thing you know, we have a thread about "lazy players" that don't start bidding low and work up, and the prices stagnate at some artificially high price. Theory of course, because prices would fall anyways; that is the nature of a free market.