You have to have the black market; otherwise, you greatly increase the role of luck in the game. I, for example, didn't come across a wand until 19 days into the game. Without a market of some kind to access other people's loot, I would still be on the second level.
I agree that the first-come first-serve nature of the djinni market gave a huge advantage to folks that could be online at 5:20 PM Eastern on market days. A couple days that was me. Mostly, it was not. I never was able to buy a horsey -- even when there were a bunch for sale.
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