> I found Valve's lootbox implementation the best as you could sell and buy on the Marketplace
I've been working to articulate why I think this has actually made Steam's the worst, and possibly the most nefarious.
Up front disclosure: I directly blame the Steam Marketplace for putting my account at high risk of hostile takeover (to the point I've seen evidence of a botnet cracking my password in unbelievable time), for what I believe to be the dumbest reason imaginable. (A TF2 hat I use if I play TF2 that was a pre-order exclusive of an unrelated game.)
The Marketplace seems to only push whales towards further over-spending with dreams of exotic arbitrage of their randomly gambled loot box items.
The Marketplace allows Valve to directly double (and triple and more) dip on the costs of items through Marketplace fees. Whether a whale decides to drop everything on loot box rolls or trawling the Marketplace for "deals" or any sort of would be arbitrage in between (including account hijacking, trade phishing, etc), Valve still gets their cut.
(If there's a specific over indulgence to point to, other than Steam sales in general, as to why Valve is so fat and sated and not hungry enough to develop more games for themselves, I'd argue that Marketplace fees seems an obvious one.)
Even beyond the impacts on whale and thief psychology, you yourself demonstrate why the Marketplace is more nefarious than most of the rest of loot box schemes: the option to sell what you don't want and to buy exactly what you want makes the whole thing seem friendlier. Under the hood the dynamics are the exact same: random lotteries/slot machines create artificial scarcity of digital goods and an illusion of value. In turn the Marketplace, despite and because of most aspirations for arbitrage, serves only prop up and exacerbate that artificial scarcity. Even worse, that Market puts a real money price tag on items. Sure, most of those items are truly micro-transactions at pennies apiece, but there's just enough rare items (because of course there is) that the worm gets into your head that maybe if you gamble on that $1 loot box you'll get a $30 item you could sell to pay for half your next game.
One final reason I think to mention about how nefarious Steam's Marketplace is for gaming: by having the loot box slot machines placed so near to the cashier Marketplace, Valve absolutely is playing the most dangerous game of just about anyone in threatening a Pinball Prohibition-style gambling law crackdown on videogames.
I understand, and I do agree to some extent. However, I did enjoy being able to wait for a month and picking up a set I wanted to usually < £1 rather than buying loot boxes over and over. It's the same I'd do for CCGs, which is probably the reason it felt familiar to me.
I've been working to articulate why I think this has actually made Steam's the worst, and possibly the most nefarious.
Up front disclosure: I directly blame the Steam Marketplace for putting my account at high risk of hostile takeover (to the point I've seen evidence of a botnet cracking my password in unbelievable time), for what I believe to be the dumbest reason imaginable. (A TF2 hat I use if I play TF2 that was a pre-order exclusive of an unrelated game.)
The Marketplace seems to only push whales towards further over-spending with dreams of exotic arbitrage of their randomly gambled loot box items.
The Marketplace allows Valve to directly double (and triple and more) dip on the costs of items through Marketplace fees. Whether a whale decides to drop everything on loot box rolls or trawling the Marketplace for "deals" or any sort of would be arbitrage in between (including account hijacking, trade phishing, etc), Valve still gets their cut.
(If there's a specific over indulgence to point to, other than Steam sales in general, as to why Valve is so fat and sated and not hungry enough to develop more games for themselves, I'd argue that Marketplace fees seems an obvious one.)
Even beyond the impacts on whale and thief psychology, you yourself demonstrate why the Marketplace is more nefarious than most of the rest of loot box schemes: the option to sell what you don't want and to buy exactly what you want makes the whole thing seem friendlier. Under the hood the dynamics are the exact same: random lotteries/slot machines create artificial scarcity of digital goods and an illusion of value. In turn the Marketplace, despite and because of most aspirations for arbitrage, serves only prop up and exacerbate that artificial scarcity. Even worse, that Market puts a real money price tag on items. Sure, most of those items are truly micro-transactions at pennies apiece, but there's just enough rare items (because of course there is) that the worm gets into your head that maybe if you gamble on that $1 loot box you'll get a $30 item you could sell to pay for half your next game.
One final reason I think to mention about how nefarious Steam's Marketplace is for gaming: by having the loot box slot machines placed so near to the cashier Marketplace, Valve absolutely is playing the most dangerous game of just about anyone in threatening a Pinball Prohibition-style gambling law crackdown on videogames.