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you can already change between system or journal you can save the journal why spend limited resource to do anything more??
We are discussing UO and what is best for UO and we really do not care what other games do and do not do. Do other game have all the shit talk or spamming that UO does, maybe you should go to WoW and give them a taste of our PvP shit talk in Gen Chat I am sure they will love it or maybe you can constantly spam RMT Sites over there while you are at it.
I also +1 for the OP's idea.And if UO wants to attract new users, it best pay attention to trends in other games. Even Diablo has an item link feature in the general chat (altho no more auction - le sigh).Perhaps limiting it to a specific trade-only-channel which will also display history would be a nice way to put it - that way people can back-scroll the history. I wouldn't keep it all history - but within the last 6 hours wouldn't be a bad idea.