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Yarp! Hell. We do not know things about magiteck, magic ect. It is a matter of how you character comes across. You can be the sophisticated mage, the technofreak with no social skills, the I act stupid as fudge merchant who's just playing you.
I find imagination OOC, and goals for these characters make them a lot believable then having the players OOC have lots of knowledge on the subject (I admit though, I would pay my weight in gold to know magic
) Of course it is sort of mandatory you do know what the hell is available ingame in terms of lore; for example jewel crafting irl =/= jewel crafting in Eorzea. But heck, that is available to every roleplayer if they just have the drive to look things up 
I find imagination OOC, and goals for these characters make them a lot believable then having the players OOC have lots of knowledge on the subject (I admit though, I would pay my weight in gold to know magic
) Of course it is sort of mandatory you do know what the hell is available ingame in terms of lore; for example jewel crafting irl =/= jewel crafting in Eorzea. But heck, that is available to every roleplayer if they just have the drive to look things up