4 ms·
I think there's probably massive money laundering happening in these markets. Like if I was trying to do that kind of thing I'd be looking at virtual goods mark
by jamal-kumar 4y ago
I think there's probably massive money laundering happening in these markets. Like if I was trying to do that kind of thing I'd be looking at virtual goods markets in order to get the job done.
https://cs.money/csgo/store/ https://cs.money/csgo/store/
Take a look at the values of some of the items on there. Prices like 10000$+ to use a model of a knife in a game that's like from a decade ago sounds like insanity to many people but thinking from the perspective of someone who has something like a lot of illgotten gift cards to wash, the markets exist... I'm sure a ton of it is legitimate but when some of these approach prices of a fourth of a new car it's kind of obvious
- redox99 4y agoI find it hilarious how every time people have little knowledge of a niche lucrative market they throw "it's probably money laundering" at it.
- jamal-kumar 4y agoI'm really not just talking out of my ass here, this isn't something without precedent https://archive-yaleglobal.yale.edu/content/money-laundering-video-games-financial-times https://archive-yaleglobal.yale.edu/content/money-laundering...
- redox99 4y agoJust because CSGO is used to cash in stolen credit cards does not mean these multi thousand dollar skins are money laundering. The vast majority of people trading these high value skins are legit people. If you check their profiles, their discords, or the skin trading community in general, this is quite evident.
- dragonwriter 4y agoOnline gaming isn't a niche lucrative market, and its pretty well understood given the structural similarity to traditional money laundering magnet industries like casino gambling. And that money laundering has been drawn to it is... pretty well established.
- ThrowawayTestr 4y ago>a game that's like from a decade ago CSGO is still the number one most played game on Steam. Not that skins aren't being used for money laundering, but rare skins in a popular game do have intrinsic value (vanity)
- jamal-kumar 4y agoI play with this one girl who keeps on giving me a hard time for not having an AWP skin and every time she ribs me for this I explain that I don't gamble on principle
- xboxnolifes 4y agoTo be fair, you don't need to gamble to have skins. There is the steam market.
- jamal-kumar 4y agoI'm not paying 500$ for a virtual gun that's patently hilarious
- xboxnolifes 4y agoThen don't? Use a $2 skin like a normal person.