That same valuation can (and is) drastically different for every person who plays this game. The fact is that people spend real world currency for items in this game. It occurs hundreds or thousands of times a day. This links in game supply and demand to real world currencies as well.
I personally see absolutely no reason why I could not obtain something reasonably close to 2500 USD for my character right now. Its obvious you feel that is an absurd value and would never consider buying at such a price, but the fact remains that the market valuation exists.
Discretionary income is always used in part for entertainment beyond 'quality of life' improvements such as a vacuum cleaner. That doesn't make such purchasing decisions 'wrong' or 'right'. They are YOUR decisions and YOURS ALONE to make. The product of your labors is transferred to money, and you then spend the money to transfer back into a good or service VOLUNTARILY based on where you value said product.
01/27/2013 02:06 PMPosted by EffinlagAm i happy i made a little money off of this silly game? Yes, but i also feel like a scamster who sold people valueless pixels for their hard earned cash. In fact, if i had done what i did on this game in real life, it would be unethical at best, and borderline illegal at worst.
That is insanity, this is nothing even close to a 'snake oil salesman' scenario. No-one is trying to use misdirection or subterfuge to overvalue D3 items for sale. The auction house provides every single detail for all items for sale to permit the buyer to make a 100% fully informed decision.
In a free market the onus is always on the buyer to make informed purchases. Common sense and basic protections again unfair business practices are fine, but generally the more Free a marketplace is the better, but only as long as the buyers arn't lazy and inform themselves about what they are buying.
If the buyer does not become informed before purchasing, this is NO FAULT of the seller.
01/27/2013 02:06 PMPosted by EffinlagIm not talking about wealth. Ive met wealthy people who were poor, and poor people who were wealthy. Im guessing you are young, not just for believing virtual pixels that do not exist outside of this game have value, but for believing that those pixels when added up cost more than many people earn in a month, and that is their 'real' value. Its laughable and sad at the same time.
It's beyond me to think that someone whose obviously into their middle ages still hasn't grasped even the basics of Free Market Enterprise. The very most basic tenet of this system is something's value is exactly as much as someone else will pay for it. Just because the good or service is 'virtual' doesn't mean its 'unreal'. It still exists, its just not physical.