When HoW comes out every fully leveled item in your inventory will lose its gold outline and have the green bar at the bottom until you get the materials you need to ascend them all.
If you think just having a Black Hammer without the gold outline is bad enough right now, just wait until EVERY weapon and armor piece you have gets its green bar back!
Honestly it'll drive me crazy for a long time until I can upgrade everything. Anybody else notice or think of this during the reveal stream?
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Perhaps the only requirement for having a gold square is having all the bubbles filled in. Since that circle disappears maybe it won't cause your gold square to go away