Then they will fail with their own intention because those of us who would play in a fair event won't bother when we know there are no aces in our pack - because they have all been placed in cat 5 !!
Since 2006 your forumacc is created, there is nothing that implies that a competitive event should be designed to allow a lazy casual player to WIN instead of the ones that struggled in effort of skills and technique and ofc monetary efforts to maintain the toptier items and gear.
To reach a competitive level would casually take 3 years with todays missions and skillpills and half of that if alot of effort and time put to it.
To cater for beginners I think would be more then fair but I do think thats where all the effort from MA is going atm, missionchains, conversionmissions for cheap UL nice items and ofc faster pace of skilling and not to mention the normalised lootsystem with same drops from all maturities (no gain from hunting bigger mobs/mats)
Personally I think the prices could be houses, cool clothings with buffs or fancy mindforce stuff or whatever consumables one can come up with, even untradeable stuff would be very cool from those competitions and neither of that would cause more deflation of ingame prices for gear.
Allso to bring it back to a few categories again so that I would compete versus similar level players and the beginners or extremely lazy ones like you can fight it out for another category of prices.
I can see what you are feeling and I do agree that some sort of low level events could be nice but to be honest the only time that its close to fair is when we loot something ingame since then we all can loot it on the exact same premises, but this is a competition and the strongest ofc should win
//Linzey