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Quote from Sigma

Gearing for ladders ? it is on the front page that existing characters will not be able to play in the Seasons. Everything is new, New character, new stash, new gold, new well you get the idea.

as for 300% faster with loot sharing, your also at the mercy of the loot gods, and at other peoples. I have seen it in the Wizard community where people would rather keep a minor 20dps upgrade "because it's an upgrade" rather than pass it to someone who it would have been a huge upgrade for.

in all honesty, loot sharing does work, but you need to be in a group where people put the group ahead of themselves and this rarely done outside of groups made of friends.