Basically, Jagex just ended prohibition. Turns out people would pay a lot more for legal alcohol in order to eliminate the risks associated with buying it illegally - it remains to be seen if the same will hold true for something online, where the dangers associated with the risky activity aren't as obvious.
I think this is a brilliant move. We do have a precedent in EVE with PLEX, to some degree, and it works there. I'm excited to see how this turns out.
To anyone upset that Jagex is now condoning real-world trading, I agree that that sucks; in a perfect world, we wouldn't have anybody cheating. But it isn't going to stop, and a game with as open and free an economy as Runescape is going to suffer immensely from just a few cheaters. The alternatives - restricting the economy, as they once did with their trade limits, or as World of Warcraft and other MMOs do with the inability to re-sell items to prevent inflation, or some other method - are far worse.
To some degree, this is Runescape becoming more of a socialist state rather than a laissez-fair capitalist one; with Jagex intervening into the economy for mutual benefit. The alternatives of restricting trade are more like communism (metaphorically, I guess) in that they trade freedom for fairness. Personally I prefer freedom.
26-Sep-2013 04:26:08