Comment Clickbait, the other white meat (Score 2) 66
items that cost more than what the marketplace sales cap are now below the market cap because they are more easily earnable while deleting tons and tons and TONS of items costing $20 before, now $100 from the store.
The "value" erased is like saying a stock on the stock market is worth 2 billion dollars less, but Valve doesn't earn any profit from skins traded via 3rd party sites, and that's what is hit here.
First party transactions are now generating loads of revenue from transaction fees, bringing the market back to Valve and away from sketchy third party sites.
At the end of the day I can't comprehend why people are paying for this stuff though. It's just a texture which you could trivially mod in before, at least when I was big into CS in 1.X days and CS:S.