Like Kripp said, just think of the huge amount of man hours wasted on people just searching through crap on the AH.
For the people complaining about gem stats, have you ever tried searching for a helm with magic find? You pretty much have to search for helms with like +40% magic find, and then almost all of the results you get are people who spend hours searching for good helms just to stick a gem in them and then relist them for crazy amounts. This is gonna make searching for weapons, pants, chests, and helms SOOO much easier. I personally have sat and looked at the AH sometimes for hours searching for upgrades and very rarely find something.
About the price of gold, sweet. You know blizz was probably sitting there looking at gold prices on black market sites, and then looking at their spreadsheets and how gold sales through AH has dropped and they took the only logical solution. Keep bots around, still make money off them, blizz is like the house in casinos. They always win eventually.
I had been agitating on the official forums for them to change the unit size for gold sales on the RMAH from 100,000 to 1,000,000. So I'm pretty happy with this change.
Gold sells on the black market for a lot less than $2.50 per million, which was the floor price on the RMAH.
Players who want to sell gold on the RMAH find it extremely difficult because the number of people wanting to sell at $2.50 per million greatly exceeds the number of people looking to buy at that price.
Meanwhile, those who want to buy gold feel strongly encouraged to bypass the official channels and shop on the black market, for well under half the price.
With a floor price well above the natural price, there cannot be a functional currency market with an exchange rate that could actually be monitored and used to compare between gold AH and RMAH item sales.
There have been some questions and disagreements in this thread:
Not sure if I understand this correctly... does that mean 1mil = 0,25€?
It means that the minimum price for 1 million will be 0,25€. You will still be free to try to list it for 2,50€, but it won't sell. Realistically, it will sell for more than the current black market price (due to convenience), but less than 2,50€ per million, because that's simply not what the market values it at.
no way the price can be 0,25 for mil ... thats just bullshit, that would completely ruin gold AH all gold prices would go 10times higher? doesnt make any sense
The minimum price the UI will allow will be 0,25 per million. Of course you will not see anyone selling gold for 0,25 per million - it's worth more than that. If anyone listed any that cheaply it would be instantly bought out and relisted.
Google for the prices of black market gold. Don't actually click through to the sites unless your browser is not IE, and is up-to-date with all security patches, you'll be able to see some prices from the google summary. Expect the actual price of gold in the RMAH to be higher than that. People will pay more for convenience and to be legit, but not enough people are willing to pay as much as 2,50 per million for convenience.
if we understood what she tried to say gold will drastically lose value, GAH prices will skyrocket to keep up with the exchange rate
Gold will not drastically lose value. Gold has already drastically lost value, but the market is being distorted because the RMAH currently does not allow you to buy and sell gold for it's current actual value. Will GAH prices skyrocket? Possibly. You may actually see a lot more great items on the GAH, once it is possible to confidently cash out after a GAH sale, and that may push down prices of the good items.
While these changes makes the AH way better, and easier to search. With this being a gear grind game, its going to make it hard as hell for the casual person that is looking for that last second auction down in the 30th page of a search now, so those that are just camping the ah are going to always get those last 2nd cuts.
Before the rich campers wouldn't want to take the effort to go that deep, and the poor folks had to to try and find a deal they can afford, now the rich will get richer.