A little backstory...
I was one of the closed beta testers and played and tested the game for almost a year prior to launch. I continued to play for about 9 months after launch until I had to suddenly stop playing due to a RL job change. At the time I left, I was one of the best geared characters around. AA, Hel-Ra, and the first arena had just launched and I spent hours every day running PUG groups through, teaching the mechanics, and getting people the gear that they wanted. I ran these things so many times that I was geared to the teeth and had tons more sets sitting in my bank. I spent tons of time farming for rare mats, rare motifs, and items. I had more gold than I needed and was giving large amounts of it away.
Fast forward 4 years. I was on Twitch and one of the suggested streamers was playing ESO. I watched for a bit and thought it might be fun to give it another chance.
After spending an entire day working with support to get my account straightened out and downloading the game, I logged on for the first time in 4 years. I set through the hundreds of messages of respecs, achievements, bank messages, guild messages, and everything else you can think of to see my old familiar main character on the screen. I jumped in game and to say things were different would be the understatement of the year. The last time I had logged in I was at the max level of VR14. CP didn't exist, 1T didn't exist, the Crown store didn't exist, scaling was unheard of, and the list goes on and on.
Not wanting to screw up one of my existing characters, I bought Summerset and created an alt. I played for a few days to get the hang of the game again, ran him up to mid 20's while reading about builds, mechanics, CP, etc. before deciding to log in with one of my old mains. I started by assigning my 140 CP, attributes, and picking my skills again since he had been fully respec'd. I ran around in Summerset doing the quests and gained about 30 more CP levels while getting the hang of playing again.
It was at this point that I realized I'm in serious trouble. What used to be one of the best geared characters in the game is running around in outdated CP120 gear, the mats that I need to create new armor and weapons didn't exist when I left, so I have 0. What used to be considered gold rich, now couldn't buy more than a few stacks of mats. I can't make potions because the water and mats that I need didn't exist and I have 0. I don't want to start farming group dungeons because I'd feel like I was handicapping a group with my undergeared character. I read that people make money from doing Writs, but same problem - no mats.
So, the main question would be... If you were to start the game with a fresh CP170 character with CP120 gear, 0 gold, 0 mats, what would you do? At this point, I can't think of anything other than spending weeks turning ESO into farming simulator in order to get the gold and mats that I would need to craft gear.