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So it's bad and wrong for somebody to farm gold to sell for real money, but perfectly alright for that same collection of somebodies to "play within the rules" in the world, buying protection for real money and selling resources, also for real money?

Here's a hint. Gold/rares farmers are all "playing within the rules" as much as they're forced to - sure, every now and again they might dupe something or other but in the main they're extracting gold out of the game through perfectly "legal" means. And defending themselves in PvP zones through "perfectly legal" means. They're not magically going to have no advantages over people trying to play the game for fun, just because you throw in a layer of abstraction.