Personally, I feel like this is closing the barn door after all of the horses have already escaped.
Gems of War has been around for 2+ years to the best of my knowledge. You have had people playing since Day 1 who have the Four Horsemen of the Apocalypse, who have every Mythic (save for one or two that have come out since), etc. al. That was the Fat Cat economy.
Some guilds have formed that have every single land at level 10, and 5 stars. Those members will play PvP to gain more gold to dump into Legendary Tasks (something that rolled out in the last 9 months, if I am not mistaken.) I know that Anonymous had at least a 150-LT week, and then less than 3 weeks later, another 100-LT week back when it was a Good Gem Experience.
Now, you have newer players out there. Those that don’t have the Mythics (I know I’m missing several)- and because of the gem nerf, you’re punishing them. And the rest of us.
Now, you had a massive cutback in Gems- 75% from the Guild Tasks, no Gems in the Legendary Task pool- and you’ve made an appeasement to the masses by saying, “Oh, 75% was too drastic, we’ll give some of those Gems back.” No mention of Gems being placed back into the Legendary Tasks.
Now, I’ve seen a lot of things in my time playing- and I have to say, this is NOT the game that I knew anymore. Having VIP 8 on the PS4, and VIP 7 on the PC/Mobile version, I’ve paid into your “Free To Play”, and now it’s turning into a “Fee To Play and Compete”. No more.