Love the idea (I'm not much of a pvper but I'd play this for sure) BUT...
The advantage of having an entry fee for the competitive mode of Last Man Standing is that it allows us to offer big rewards for the winner and runner up. The winner of a game of competitive Last Man Standing will receive 1.5 million coins and the runner up will receive 500,000 coins.
Inflation isn't a worry as those coins come straight from the pocket of the players you just defeated. In fact, Last Man Standing will act as a gold sink, removing a sizable chunk of gold from Old School for every game that is played.
Okay... so this is good, no additional items in the game that de-value anything. But.... HOW? more information on the "gold sink" please. Does the mini-game take a 10% cut from any cash put in or something?
In addition to this, the players who come in 3rd, 4th and 5th place will receive a ticket allowing them free entry into another game of Last Man Standing.
Wait.... so its not going to be a money sink? How can it be a money sink if your offering free entry to paid games?