what about the players who want to sell just a few items for a high price? are they really going to want to wait for the cheaper sellers' items to sell out? And even if they sell a bunch of things for an even lower price the seller above them will have to wait. People don't need to buy as much from the vshop or any shops for that matter because of perks (eg: /fix, /nv (no more torch needs), etc.). I think removing the cap would not encourage a more diverse market; it would be more stagnant. I realise this could go either way but I think the perks we have are the only thing pushing this the other way.
That's why you undercut. It doesn't work this way in real life; if you want to sell just a few items for a high price you can do it at your own chest shop. With all due respect, trying to sell very few items at a very high price is just dumb--why are we even protecting the kind of people who try this?
There's literally NO advantage in selling few items for a high price on MeepCraft. In real life, businesses can pull it off because they prioritize convenience over low prices, but in MeepCraft, buying 1 torch for 5 isn't more convenient than buying 100 torches for 3. If you want to sell your items, put them up for a competitive price. It's an ECO server, for Christ's sake.
It's capped so people don't use it as an alternative to /chest
~ @Blendyz
This is why there's a tax on vshop. If you price your items too low, there's a chance that someone will buy your items. Conversely, if you price your items too high, you'll get killed by the tax.
Besides, if you're rich enough to afford the tax and use it as a chest anyway, the tax will take money out of the eco. It's a win-win.
EDIT: Sorry, this sounded snarkier than it was supposed to be. Apologies.