When I played on live, there were plenty of high level characters. There were also people who had alts that they wanted to gear up, and they would spend some of the money they made on their main equipping them earlier. None of this bothers me in the slightest. You're absolutely right - you were there earlier, and you have a right to profit from the inflation.
The only thing that bothers me a little is that folks don't seem content with leveling up characters at the rate the game takes and go to absurd levels twinking with the goal of farming spots or raiding with multiple accounts when it's the same person. If you have 6 characters that are all uberly geared from your efforts - hats off. If you have 6 characters but they are on separate accounts that come from a couple IPs that's really just you playing, that kind of bums me out.
I really hope that most of the people I see geared out there are just folks enjoying the game that have done the work and love it. I gotta admit though I read some of the threads on here about camping spawns and have experienced myself the "spawnlock" that seems to exist in some areas (ala the person camping AC camps and relogs each time the spawn is back up) and there's a fine line between "dynamic game mechanics" and just generally being a loot whore / douchebag.
Everyone defines that line differently and everyone's free to enjoy *their* game. But I do lose respect for people that don't consider others. I can't say what the balance of that is on this server. For every guy who is cockblocking a camp or training people, I've run across folks that have ported me refusing payment and helped me recover a corpse.
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