We do not need a blind auction system. Any advocacy for it is just advocacy for supply-end price manipulation.

Markets only function when both buyer and seller have full information on what they are buying and selling, which blind auctions prevent. Blind auctions are part of the equation making FFXI's market economy dysfunctional.

Undercuts are not 'malicious' or 'exploitative'. They're basic supply, demand, and market competition theory. The 'undercutters' are not denying your ability to make a sale - your high price is generating a surplus you need to react to.

All the same tactics used on the FFXIV market board are tactics used in the real world every day and considered legitimate uses of the free market. Including one-gil undercuts. Haven't you ever seen an item for 39.99 instead of $40.00?