Fv loot is a whole other beast. Because top raid loot is tradeable it makes obsolete raids even more worthless, and by extension non-elite raid guilds even more worthless. But at the same time, because gear can be redistributed, the need to farm is diminished, so content is consumed even faster. You have an environment where the fast guilds move even faster while the slow guilds have less of a carrot for raiding / less feeling of ownership. If the server moves selo like the inner circle style guilds feel shit on, if it moves phinny like the amtrak style guilds are bored silly.
This is before even touching the worse problem of rmt. Some people who quit sell, but the majority of folks hold their accounts. Fv loot means you can dump your character's gear for krono without ever doing something illegal. Anyone you know who quit and later decided to return? Not here, if they quit chances are they cashed out too, who wouldn't. Even people who haven't quit might cash out. Back when raid loot was tradeable it was impossible to get folks to be egalitarian with shit like upgraded tormax gear, why would fv ruled anguish armor be different? The temptation is huge, the pressure is ugly, and the leadership is in a hell of a bind plus a huge spotlight against even perceived corruption. Every kill is potential real money drama.