Valve faces suit alleging role in gambling on video games

[SeventhSandwich]

I hate how people always make a big deal about items costing money. Sure, I might have spent a couple hundred dollars on some virtual items. I've also made about a thousand dollars in return.

If you're talking about TF2, you're lying to yourself. The TF2 item market is not even nearly volatile enough to get those kinds of returns, unless you've invested literally thousands of hours into this.

[Ad Bot]

[Lord Tony®]

If you're talking about TF2, you're lying to yourself. The TF2 item market is not even nearly volatile enough to get those kinds of returns, unless you've invested literally thousands of hours into this.

He probably did a lot of scamming then.

[SeventhSandwich]

He probably did a lot of scamming then.

His backpack on CS:GO was worth ~$700 at one point in time, but he's invested 1388 hours into the game. That equates to about $0.50/hr, or roughly 7% of the federal minimum wage. I'm not sure whether his backpack has depreciated from ~$700 to the current ~$50 because he's cashed out or because the value of his items has decreased. The website I used isn't clear, but either way he's not making bank.

I'm sure he's going to come back and say "it was mostly spent AFK!" or "that's not my trading time!" or all the other BS that people come up with to justify their slave-labor video game 'day job', lol.

[TeeOS]

It'll be interesting to see how valve decides to respond to this though.

valve will most likely remind people with their team of lawyers that they aren't affiliated or have cut ties with said websites and that you aren't forced into gambling your skins away
case thrown out

[Siren]

valve will most likely remind people with their team of lawyers that they aren't affiliated or have cut ties with said websites and that you aren't forced into gambling your skins away
case thrown out

It might do some good to show valve that they are teetering on full fledged gambling, instead of county fair you win no matter what.

[Cappytaino]

LOL THIS MAN IS FROM MY TOWN

YOOOOOO

[Arekan]

His backpack on CS:GO was worth ~$700 at one point in time, but he's invested 1388 hours into the game. That equates to about $0.50/hr, or roughly 7% of the federal minimum wage. I'm not sure whether his backpack has depreciated from ~$700 to the current ~$50 because he's cashed out or because the value of his items has decreased. The website I used isn't clear, but either way he's not making bank.

I'm sure he's going to come back and say "it was mostly spent AFK!" or "that's not my trading time!" or all the other BS that people come up with to justify their slave-labor video game 'day job', lol.

What?
I'm not trying to make money off of the game. The 1k hours is me actually playing the game, because I enjoy CS:GO as much as I like skins from it.
All my stuff's on an alt account now.

What are you even trying to do? I've made more money than I've spent on the game, end of story.

[SeventhSandwich]

What are you even trying to do? I've made more money than I've spent on the game, end of story.

No, you spent money on a game, and then received more in game items that could conceivably sell for actual money. Have you liquidated any of the items you've traded for? Like, into actual US dollars? If not, you've made no money.

[Arekan]

No, you spent money on a game, and then received more in game items that could conceivably sell for actual money. Have you liquidated any of the items you've traded for? Like, into actual US dollars? If not, you've made no money.

I could if I really wanted to, but Steam credit is useful enough to me. It's not like I have to pay bills yet. If it buys me other games, it's money to me.

[Jshotgun]

DUDE THIS GUYS A LAWYER WHERE I LIVE HOLY stuff
MIKE MCLEOD
i remember him because his phone number was all 4's, except for the area code thing

[SeventhSandwich]

I could if I really wanted to, but Steam credit is useful enough to me.

Alright, suit yourself, but your roostery attitude is still completely unjustified. Anyone mowing lawns or washing dishes would have made far more money than you in the same amount of time you've spent trading. Working for Indian-call-center wages is not the mark of a 'wise spender'.

[Siren]

I could if I really wanted to, but Steam credit is useful enough to me. It's not like I have to pay bills yet. If it buys me other games, it's money to me.

So you have 1000 theoretical dollars

[Arekan]

Alright, suit yourself, but your roostery attitude is still completely unjustified. Anyone mowing lawns or washing dishes would have made far more money than you in the same amount of time you've spent trading. Working for Indian-call-center wages is not the mark of a 'wise spender'.

So you have 1000 theoretical dollars

I feel like you guys got triggered. I literally never claimed that I'm attempting to make bank from this as a job, I just said that I just ended up making bank because I didn't go throwing away all of my money blindly and all that fun stuff.
I'm not trying to make money off of this. This is not my job. I don't give two stuffs what form the money is in, because, at the end of the day, I'm still paying for games with it.
So much for unintended fights and derailing.

[SeventhSandwich]

So you have 1000 theoretical dollars

Less, actually. The Steam market place value is a 'high' value for the price of items. The only safe way to sell items and receive actual USD is by using online third parties, who charge fees for their services. Plus, people will only buy items for a fraction of the price because they know that the sellers are liquidating. $1000 worth of Steam credit in items probably goes for $600 at best.

I feel like you guys got triggered.

Yep, the 'u Mad?' defense. Caught me.

I just said that I just ended up making bank because I didn't go throwing away all of my money blindly and all that fun stuff.

You didn't 'make bank' though. You wasted a massive amount of time and received a petty, nontransferable stipend from it. 

[sir dooble]

Isn't loot crate a gamble then?

You spend hundreds of dollars and don't know the stuff you're getting.

No, because you always get a product at the end of it. Your contract with lootcrate is that you give them money and they give you items.
It's the equivalent of a Lucky Dip at a fair.

Whereas gambling runs the risk of you losing money with nothing in return.
Taking a risk on getting something stuff isn't gambling.