I lost everything - Up to 10k worth of investment gone in a minute. Why? Because of the idiocy of Valve. A friend of mine, a dedicated trader, father of one, TOOK HIS FUCKING LIFE BECAUSE OF THIS SHIT. HIS LIVE SAVINGS GONE. HIS 125K+ INVESTMENT GONE. WHY? BECAUSE VALVE WANTED TO PROFIT. VALVE, GO FUCK YOURSELF. HOW IS THIS NOT ILLEGAL? Financial markets are REGULATED and what valve has done is COMPLETELY ILLEGAL.Legality aside, how is it possible that a multi million dollar company rolls out such radical changes on a whim? With no research as to how this will affect the people that depend on this? Can someone please explain how is this not downright evil? Im so fucking infuriated. Countries usually roll out stuff in a progressive way, WHY WOULD VALVE NOT DO THE SAME - KNOWING THOUSANDS DEPEND ON THIS?It is difficult to make a living off of trading skins, and now with this gigantic blow I'm not sure anyone will even engage in this shitty market again. I mean, why have a knife when tomorrow they'll make a way to craft it with some shitty items?Please, whoever has legal experience on this field contact me urgently. I'm ready to donate a class action against Valve
bro its already 50% up what are you on about
>>61194919Just because charts and analytics were built over it does not make it a financial market it’s a closed system.The skins are owned by Valve, not you. You never had true ownership, and that’s exactly why NFTs and decentralized systems were invented to give people real digital ownership
>>61194919Just hold. You'll get your money back soon enough.
>>61194939You realize Valve can just make you trade in 5 red NFTs to get 1 gold NFT, right? Explain to me how using NFT instead would help prevent this.
>>61194919Damn, skins are just beanie babies.
>>61194919>making a living>trading skins in a video gamelolLMAO bitch nigga>hey mom and dad I can’t afford hot pockets because I lost my “job” trading jpegs, pls help
>>61194944Not NFTs alone. The real protection comes from decentralization, the assets and the rules live on a public blockchain, not inside one company’s servers
>>61194956So, you want a game like CS2 to be made by everyone, not just Valve? As in everyone could become a developer?
>>61194919he invested in pixels thinking it was serious business
>>61194962Not everyone would be a dev. Valve can still make the game. The point is that players, not Valve, should own the items. Decentralization doesn’t mean “anyone edits CS2,” it means if Valve kills the market, your skins still exist and can be traded or used elsewhere
>>61194919>I'm not sure anyone will even engage in this shitty market againAnd absolutely nothing of value was lost
>>61194977Interesting. Where is this "elsewhere"? Who else is going to care about your skin NFTs if Valve don't? Or do you think some random games will make their game to accept the NFTs left by Valve, why? Seriously, I've been in the crypto game nft bullshit myself, they all become worthless after the dev itself abandoned it.
>>61194994Decentralization can’t force value, it just makes it yours. Whether anyone still cares that’s up to the market, not the devs
>>61194919>and now with this gigantic blow I'm not sure anyone will even engage in this shitty market againpeople actually play the game retard, that's what give the market it's main financial backing. A glitch once caused caused similar numbers of unusual items to hit the market in TF2 (basically our equivilant of knives), the value of these crashed, but the market recovered because people play the game.the knife market's gonna crash again btw hope you sold so you can buy cheapies.
>>61195007Then it sounds useless in this case. NFT or not, they both will end up crashing to zero.
>>61194919Tell me did valve ever guarantee the rarity of the skins? Did valve ever set the price for the skins? Did valve ever directly profit from the skins on the resale market?Those are risk you took when "investing" in video game JPGs.you should be lucky that they are worth anything at all.
>>61195009market already crashed 50% and there's already fuck ton of people with the same mindset of "justw ait 7 days bro then i'll buy". Don't think there will actually be that big of an impact considering knives already fell 80%
>>61195031yep. bottom is already in, fellow redditbro.
>>61194919Now the actual players can afford the knives they like.Get fucked
>>61195023Nothing ever last forever.
>>61195023They stop one company from causing them through hidden rule changes.People got rekt because they treated centralized control over a system like it was an open market
>>61194956>the assetsTrue, but...>the rules live on a public blockchainThe NFT contracts would 100% be deployed through a proxy contract so new features can be added, like this Trade Up crap. From "rules" pov nothing would change compared to status quo and they could still push any update they wanted.
>>61195056NFTs handle ownership. Decentralization handles power in this case, governance. Without both, devs can still push updates through proxy contracts and change the rules at will.
>>61195079>ownershipTrue> power in this case, governanceNFT contract governance is not decentralized. Valve would have complete authority of the smart contracts because it would be the owner address (or control all multisigs, or whatever system they would create if not OpenZeppelin ownable.sol). It would be different if the contract was static and ownership renounced (not going to happen) or if they created a DAO (also not going to happen).
>>61194939This is the only answer. I'm sorry but we even have rules about how much capital goes into a dex or even a cex. Why do you think firms buy assets outside of themselves such as gold or land, they even buy stupid shit like boats and planes. If you are dumb enough to put your entire net worth into one single thing that SOMEONE ELSE controls, then I dont know what to tell you. You failed basic risk management.
>>61194919>trading cosmetics for a livingget a real job you unbelievable faggot. You better not be white.>>61195079NFT's are a retarded concept alone, but they're unironically a better investment than videogame cosmetics on Steam. I mean, how retarded is anyone not a turd worlder for investing in this shit? ridiculous.I'm quite sure Steam altered the system due to fear of a massive lawsuit, their marketplace systems are begging for a regulatory inquisition. A ~decade ago they had to change the system because apparently organised crime were flipping TF2 cosmetics to money launder kek, its about time they did another protective measure.
>>61195120> want decentralization > but also want Valve to stay in control > pick oneMaybe a hybrid solution could be to let Valve run the game, let the community run the economy
You were supposed to buy a case for $2 open it and then get your items or buy them cheap on the steam community market for a few dollars. The way Valve intended it. It wasnt meant to be speculative assets for 3rd worlders and crypto fags. People want to play the game and use the items. Putting 20k price tags on pixels is no fun and prices 99.99% of people out. Valve did the right thing.
>>61194919get fucked lol
What crypto is this on? Solana?
>>61195237>its 2025 and the cryptoids are sounding like boomer rock hoaders
>>61195202I'm not a CS player but it could have a test server where all potential changes take place first before they are shipped to the real game, giving players a chance to give feedback on new features and changes. If this was caught in the test server it would've caused an outrage before it wrecked the real economy. Anyway, Valve did this intentionally and knew what was coming.
>>61195246gold and silver will forever have value, they might be schizos but they're not wasting their money, just their time.
>>61194956Retard.Then the nft loses value if game it can be used in is shut down. Because then it becomes an useless picture. Or are you expecting other game developers to accept valve game nft? Think about technological problems this shit would create. And publishers would never allow this because this would lose them money because everyone wants monopoly over the market now. Same reason Zuckerberg wants to monopolize metaverse the system wouldn't ever be allowed to be open.
>>61194919post proof or you're a niggerfaggot
>>61194919Their platform Their gameTheir skins Read terms and conditions
>>61195409No one is dying because of this shit. Price already going back up, all they have to do is wait to not take the L
>>61194919>valve is stupid because i lost moneylisten to yourself you fucking nigger
>>61194919How many people have offed themselves cuz of this alone in these past few days? Is in the thousands? This shit is crazy to think about. If you told me this when I was playing CS 1. 6 decades ago, I wouldn't believe.
>>61195224oh really? then why were some items so rare and exclusive that you could never get them ever again, as was the case for many, many years? valve set the rarities and created the exclusivity. then they rugpulled. I don't even participate in this shit btw, I just know what a deliberate rugpull looks like and this was one 100%. >>61194939nfts don't fix anything, the game developer is the sole issuer and at any time they can change the rules, as valve did here
AHAHAHAHATHE NUMBER OF CASES BEING BOUGHT HAS GONE UPMARKET MANIPULATERS LOSTIT'S OVER
>>61194919Imagine trusting your money to gay ben.
>>61196236The rarity was to make people feel special. Not be a fucking investment, Hence why they changed system. to make it more accessible. Valve didn't rugpull because Valve didn't fucking siphon off the liquidity themselves. They just increased supply. Don't be a fucking retard.
>>61196396>The rarity was to make people feel special. Not be a fucking investment,then why create a marketplace where these items could be traded for real money? the market just magically won't assign value to rare things? are you a child?>Valve didn't rugpull because Valve didn't fucking siphon off the liquidity themselves. They make money off cases. They've stimulated demand for cases by making previously "rare" and "exclusive" items now accessible through crafting. Of course they profited from this. You are so credulous it's unreal
>>61196408to cash out real money for them you need to sell them on 3rd party off-platform marketplace using escrow services, valve never made any promises about facilitating that kind of industry off them
>>61196415it doesn't matter, valve knew exactly what they were doing and it's no different from any other shitcoin getting raped by its devs
>>61196422I literally don't care what happens to the value of my dota 2 hero skins, I bought them to use them not to stockpile them
>>61194919>It is difficult to make a living off of trading skinskek>and now with this gigantic blow I'm not sure anyone will even engage in this shitty market againgoodBasically you bought a NFT that doesn't even have the blockchain guarantees of real NFTs.
>>61194977You technically dont even own the games you buy on steam dude. You are really reaching to cope with going all in on a video game collectible
Money can't buy knives.
Someone is going to do something stupid over this. I can feel it in my left nut.
>>61194919>number go upI'm a genius.>number go downWTF I'm being harrassed I'm being targetted they out here tryna keep a nigger down.
How do I buy skins now?
stupid niggers falling for a copy pasta
TOTAL SCALPER DEATHI hope the same fucking thing happens with Pokemon TCG. And I don't even play this card game nor have the money to buy videogames right now. Hobbists' priorities should always be first.
