Item Binding feels wrong..

[Vaer]

That's the point, it prevents a quick build up of gil from reselling the gear. Too much gil in the economy is bad.

Actually, reselling gear to other players just moves the gil around already in circulation and actually removes gil if there are taxes.

IIRC there is binding on things to help crafters out since everyone can get gear from quests they can use which increases supply and lowers demand. Other than that, not sure.