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Yes and it happened very fast, the initial Real Money auction was in fact working as should, some people trying to sell for insane prices, obviously never actually selling a thing, others valued it at what they would pay for it themselves and were successful in doing so.
approximately 2 hours after it went live the market was flooded with all the high end items selling for 1-5 usd, items that others had successfully sold for much more, I for one sold a cple legendary rings for 20$ a piece...but hrs later noticed 100 of them listed....all being sold at $1.50usd, i knew it was going to happen, but i had hoped blizzard would have worked something out that banned overseas IPs ....but they did not. (I know its asking a lot)
Purpose of thread is basically to discuss how easy it is for overseas gold farmers to completely destroy and in end result control a market...and im not just talking about MMO gold farming when i say that, it happens in almost every business market.
Question is when do we push to have it stopped.
Personally i will not touch the real money trade anymore knowing that its controlled by overseas gold farmers, but all must know that they wouldnt be doing it if kids were not spending.