How to Kill a Game's Economy in 19 Hours
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- Опубліковано 5 лют 2023
- Good thing nothing bad has happened to TF2 since then.
Big thanks to Tradeit for sponsoring the video! Use code THEWHAT89 or use this link for some sick bonuses: tradeit.gg/?aff=THEWHAT89 No gambling either just trade for what you want
Also big thanks to all my interviewees for helping with the project:
Pyrojoe: / @pyrojoe
Zenith: / @zenithzv
Spaceguyonline: / @spaceguyonline
Dewill: / @dewill
Great Blue: / @great_blue
Casperr also made a great video you should check out:
• This Typo Killed Tradi...
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Outro Music:
• Never Meant (American ...
Other music used:
• Nine Inch Nails - Clos...
• Global banker - Chambe... - Ігри
the fact that selling those crates was more profitable than unboxing those unusuals is crazy
The market always adjusts.
Sell the pickaxe, don't mine the rush.
same thing with vintage MTG products. your chance of pulling a high value card from a pack is low, yet the Pack itself demands a very high premium.
@@TB-fv9il fax
"During the gold rush, the real money is made from selling shovels" - Benjamin
The crate depression shows how at the end of the day, unusuals are worthless in the end
Yeah, no shit. Their rarity is completely artificial and it's a sort of commodity that becomes absolutely worthless if a real crisis happens since it has no real value outside of your enjoyment. I'm not hating on people who buy nice looking hats, I spent a bit of money on that too. But it's different for people who "invest" or are huge whales in this. I think it should be this fun little steam market thing to trade funny looking hats, not people laundering money with CS:go skins and gulf state princes buying cs go knives for millions of dollars or crypto traders buying tens of identical items as an investment. None of them even care about the game or even the skins themselves, they are only an investment and a pretty fucking stupid investment at that. Events like this truly show that those things are only good to look nice in a video game. This update broke the trading market despite not affecting people who only buy hats to make a nice looking character.
i still want one tho........
@@januszkurahenowski2860 It's classic supply and demand, if a game is popular and successful long-term, rare and valuable items that people like increase in price. That's how despite all unusuals having the same drop chance, some are far more valuable on looks alone.
It's the same with any form of currency really, if the US collapsed for example the dollar would be worthless, but you don't see people turning all their dollars into gold coins.
Which is crazy because people lately have been buying unusuals for more than ever compared to before. I can't help but look at purchases which spend thousands upon thousands with such concern especially since at the end of the day it really is just a bunch of pixels.
your name is impossible furries are sub-human thus cant be Chad's
This is the thing with a gambling-heavy game like TF2. The house not only always wins, it _has_ to always win; because if it ever loses, so does literally everyone else involved in it.
Captilaism Moment.
@@C.A._Old You really don't know what capitalism is
@@C.A._Old This is how gambling works at all. The House has to win, otherwise they run out of money to pay people.
@@C.A._Old atleast spell it right ya marxist
@@chase522 He ain't old enough.
This was such a bad fumble by valve, and that's kind of amazing
The Real Fact Story: 3 years after adding Smissmas crates. Valve said, “Should I add a summer Cases? hmm... that is good idea. So it won't just be smissmas crates! ^^ '' Of course there is something Valve didn't know... The moment that case was added... Mann co's old cases changed from 1% to 100% rare item and unusual hat drop code with hanger. and it has changed. And within 1 day, before the 2019 summer cases meeting, mann co veteran crates series were suddenly seen by 1 person who opened the server. And mann co crates took over again in the community market years later. Code 1 accident and error caused more than $100,000 in damage. In one day, the 2019 summer case registers were forgotten. By community Of Team Fortress 2.
Bro fumbled the bag…
Wait, creates broke again?
If I'm not mistaken this probably just made them sell a crap ton of keys to a community that's been fairly small and niche for the last few years. I don't see how this is a fumble except for the people that invest in virtual items like they are beanie babies
Not really. They cashed in on selling keys and steam market fees. High volatility = house wins by fees.
I actually remember when this happened,the community was almost as widely awake as the days when leaks happened,even if those were pretty frequent
This moment in TF2 was a perfect example of why investing in a virtual "economy" isn't the smartest idea
Gonna take the next step and say a lot of "material" economies are bunk, too (housing).
I mean that’s because it’s tf2 not exactly valves favorite child
@@cwill2127 and?
"Investing" in CS:GO would be just as terrible an idea tbh.
It's the same problem as with crypto. There's no actual material stock for the economy to be balanced around, and thus, no self-regulation.
Leads to a completely volatile and unstable system.
Nah. Still way better then investing in crypto- most traders didnt go broke (economy was saved) and a bunch profited from crates, still way better then what, 99.9 losers vs winners rate of crypto? Even less?
@@LeMicronaut You actually aren’t wrong.
I still remember the sweet taste of traders tears on that day.
Same, before I became one of them 🤮
a beautiful week
I despise whale traders as much as the next person, but without them, TF2 wouldn't have lasted nearly as long. I know it's fun to latch onto the virtuous "ooo trader hate" bandwagon, but try thinking critically about how much the game's economy contributed towards its success.
never understood the hate for traders. Let them spend their money on pixels lol, it's cool to profit off of this game
Kart man.
I still hate myself for missing out on this glitch
It gives me anxiety still lol
Don't worry, it means when you do get your first unusual, it'll be legit instead of based on a bug
@@thunderspark1536 honestly, for me it just means i won't get an unusual at all, because i missed out, so still salty lolol
@@4L3K fair enuf
@@4L3K yep same
I still have my crate depression hat.
I even gave it a name and timestamped it
It's a historical relic now
I keep mine as a reminder of all the chaos 1 bug can create
Step 1. Have a massive influence on social media
Step 2. Become bored
Step 3. Tell your fans to buy or sell or just ruin an item price
Step 4. Congrats, you have shown how powerfull a large influence can be
Pretty sure that isn't legal.
sans shovel
@@gregdaweson4657 more so a legal gray area
@@naf8787 insider trading
SANS SHOVEL
I remember not unboxing any crates when this glitch happened as I thought I would receive Cheaters Lament for not using this glitch. I remember how disappointed I was afterwards when I found out I won't be getting Cheaters Lament.
Same, especially the ones who abused this glitch got to keep their first unusual as tradeable.
i just had no way to get keys during the period but I got a few steam games from selling crates
no unusual but Hollow Knight is a nice consolation prize, lol
If only this happened today. Not only does Valve care so little it would probably last well over a day but as they have no problem with people openly cheating and creating spam bots, nobody would ever hope for punishment or reward for not participating.
i cant even buy anything as f2p so I'm not missing out much
I remember that I had only found out about the glitch after they had patched it and I didn’t really care about it
i've never really cared about unusuals so i had NO possible horse in the race as it was going on. it was such a wonderful couple days of watching everything descend into anarchy and panic
Same, i fricking hate gambling
it’s insane how much people care about a red captain’s hat that’s on fire
finally some actual people
Tell me you sat down with a cat in your lap and slowly turned towards the chat as it all went down like some kind of super villain lol
@@spookieboogi6161 The damned cat only plays counter strike and wasn't interested xD
i remember this so clearly. i was on holiday in france with my dad and i was so pissed i couldnt unbox or buy any cheap unusuals
at least you didn’t lose all your money panic buying/selling the crates
Sameee. Also on a holiday without the PC when that all happened
Why would U wanna buy ugly as hats where every hat is gonna be nasty looking
all of them were made untradable or were refunded by valve you didnt miss out on much
Moral of the story: Don't go to France
People who exploited the bug: "FREE UNUSUALS"
Valve: "Ok, I guess you get to keep them but every one except the first is untradeable"
People who didn't exploit the bug: "Do we get anything?"
Valve: "Lol, no."
It's not necessarily their fault. Valve isn't going to punish tens of thousands of players for exploiting a bug that they created in the first place. This didn't really intentionally hurt anyone, it's not like people were intentionally scamming people. That would be like banning people who used that infinite health glitch on Heavy with the dalokohs bar. Also, it would be impossible to distinguish someone who unboxed knowing the bug existed vs people who just happened to open a crate while the bug was going on.
I am admittedly a little salty that I didn't get anything out of it (I was stuck at band camp while this bug was going around, so I was unable to unbox or trade for anything). But being salty about it doesn't mean I think I deserve anything. Unlike with the Cheater's Lament unboxing a crate didn't require any cheating at all, all you had to do is unbox a crate.
@@minneelyyyy8923 they could've given out more cheater's laments, at least .-.
@@iHateHandlesGetRidOfThis if only that greed would have been enough to motivate you to exploit the glitch. Blame your sloth if not your ignorance.
@@kacecrimson8297 i blame my sloth, i was stuck in bed that day .-.
@@iHateHandlesGetRidOfThis Cheater's lament was for people who didn't cheat, not for people who didn't exploit a bug.
Ah yes, the Crate Depression.
CLEVER
@@NexuuusCoooore 0:52
@@SS-rf1ri I know I know, that's why I said clever.
My one regret is not opening a single crate at the time in the belief that we may be bestowed the Cheaters Lament.
thousands screaming at a TF2 update: "Oh my, it seems I have made a grave miscalculation in my monetary spending. I should remember to consider my options before making a commitment like this in the future."
me, sleeping in like a baby: ...
This is actually kinda next level, even for you. The effort put into the presentation and jokes here is really well done, and it pays off.
(The Heartbeat Monitor aesthetic is also super cool)
Considering it was barely before my time, learning about the Crate Depression is always interesting, and this video is by far the most stellar one Ive seen.
the heartbeat monitor was also the price chart on the marketplace
@@Tired_Tortilla part of its genius
I remember this. I have a pretty big inventory so I didn't risk unboxing more than 3 crates because I thought I'd be banned. People who unboxed and traded were actually rewarded lmfao next time this happens people will not hold back whatsoever lmao
@@StopSomething Yeah
"next time this happens people will not hold back whatsoever lmao"
They shouldn't. It'd be really scummy of game developers to ban people for stuff that the devs themselves caused *cough*Bethesda*cough*Fallout76*cough*.
I remember these few days very firmly. Especially how I decided to just sit and do nothing because I had no money. It was actually sort of fun to watch everything burning, while being too poor to be affected
Me during most economic crashes
boy do I love watching historical market crashes and the societal chaos that follows 😎
A great example on how virtual items are essentially worthless and their whole worth fully depends on one line of code
Very high quality video, thank you the what show!
I love the whatshow and i also love the Spaceguy person.
Trolling the economy: the game
We do a little trolling.
I remember when this happend... Only reason I didn't got my very first unusual during these times is because I was too broke to even buy a key.
Same i sold a bunch of junk in my inventory to afford 1 key and got a crap tier unusual but it was my 2nd unusual i ever unboxed
This video was really well made. I love the parts where you get other content creators opinions on the subject. Editing spot on too 👌
I had quite the laugh with me and my buddy when we unblocked a burning team captain and bought like some of the most top tear unusuals for like 5 or 10 bucks
How far we've come that a cosmetic hat in a game for $5-$10 is seen as a miracle from God it's so cheap.
I miss the days when people were outraged to be charged $3.50 for a set of horse armor.
If you think you got screwed because you were asleep or whatever during this, just remember, it could be worse.
When this happened, my computer was getting fixed. I knew it was happening, yet couldn't do anything with it. Not only that, my computer was supposed to have been fixed by the time it happened, but the guys fixing it were taking longer than expected.
Clearly they were using your rig to make bank
that mustve felt like bleeding out every moment
if you had your phone, you could've gotten a VPS or something and went from there if you really wanted it.
If valve ever wanted to make a killer profit off finishing off tf2, they’d do this on purpose. The amount of money they would make from key purchases would easily skyrocket into the tens, if not hundreds of thousand in purchases
Wonder what kind of big cash boom they got from this since everyone and their dog went to buy a key, whether from SCM or TF2. I bet there's some that think this was planned out of a quick way to milk the community without them realizing.
@@QuackZack It worked.
valve’s response was actually fairly well played, which makes me wonder if they had an economist or something to advise them on what to do
Tbh, people who didn’t exploit it also deserved something
@@Idkwhattoput151nah they didn't deserve anything.
@@darklex5150 explain why?
@@Idkwhattoput151 you did nothing, are you supposed to get a prize because you sat there a did nothing?
Good that you covered every detail, with the buy orders and bots
I will always regret the fact that while the crate depression was happening i was trying to sleep and i just ignored it because i was tired, thinking that it was probably just a joke and it wasn't real. Boy did i feel stupid when i woke up.
I remember when everyone joked about that one comic page where Engineer from the future warned mercs not to open the god damn boxes... This fandom is so bizarre
How to kill a Game’s Economy in 13 hours: stock up on a forgettable weapon and make a UA-camr release a popular video about that weapon
I remember when it happened. I was there when the update dropped and randomly checked the discussion tab, I unboxed an unusual as test, then sold it and for a more favorable unsual then I waited and sold all my old crates I've had for years for a bunch of money. Managed to do it before the prices went all to hell.
With this video in mind, I'm sure it's an excellent idea to store sensitive information and identity paperwork on the blockchain
Honestly I prefer this, it’s nice to be able to just buy amazing looking hats for cheap after all these years
Honestly game cosmetics shouldn't be more expensive than a can of actual food.
No it's how we earn money in South America
You don't understand the TF2 economy then do you?
*Respawn has entered the chat*
SAYWHATNOW?!
I’m predicting this is the 100% summer unusual thing a couple years back
Everyone mocked NFTs as they should. Only to learn that cosmetics are in fact just NFTs.
Imagine being a hat trader and thinking you're morally superior to a ccryptobro.
tf2 hats are more useful tho
@@grumpy606 in what world do you live in, lol.
@@DIEgestthismy world
@@grumpy606 understandable
What? Crypto damages the envirorement heavily meanwhile hats clearly dont...
I was there when this happened, i was able to open a few crates and get a few unusuals. I was so happy to watch the economy burn for a while. finally owning a few unusual of my own without having to spend actual money for one or spend hours upon hours haggling for a low tier one. And i'll gladly do it again.
I remember when this happened, I got wind of the bug just around 20 minutes after they fixed it, what still pains me is I actually had 2 of the crates that were giving out the unusuals 😭
this is the one video that EVERY tf2 youtuber NEEDS to make at least once
yours is the best i've seen so far though
that feel when the fake gamer economy is an exact structural replica of the real economy
Yeah ikr maybe those idiots will learn something usefull from it
No it's not. Idk why you people say stupid shit like this, but I'm guessing it's because you're ignorant of economics.
very good video thewhat keep up the good work
Honestly in hindsight, I’m kinda glad this happened. It’s a big middle finger to the overpriced, money squeezing, predatory cosmetic markets that plague video games these days. I don’t see why valve should get any more of a pass than EA when it comes to taking advantage of consumers.
Better then untradeable micro transactions *cough* rainbow Seige
also those prices are market set by other players by a set of economic principles
While Valve may not force microtransactions down your throat, they're arguably one of the biggest influences and pioneers on starting that whole thing to begin with. Theyre just as bad as EA or any other company encouraging the practice
Great video, funny and informative.
Needs more of Linkara doing the ninja run, tho.
I love your outro music. 8-bit American Football is something I didn't know I wanted.
I didn't unboxed a single crate. Not because I expected to be rewarded for not doing so, but because I did not had a single fucking cent in my account nor any tradable items because less than a week ago I sold everything to buy games.
This is not the first, nor it will be the last time that something like this has ever happened to me... Remember the Pyromancer's Raiment? I sold it A FUCKING DAY AGO BEFORE A NEW CRATE DROPPED, ADDED A WIZARD HOOD AND MADE A WITCHY PYRO LOADOUT A HIGH-DEMAND SET, WHICH INCLUDED THE PYROMANCERS, MAKING IT SKYROCKET UP TO 10+ KEYS OF VALUE.
The reason there weren't any major updates for years is because Valve fired all the TF2 Developers after the crate depression
This just happened a few weeks ago and there’s only been one dev for years so incorrect
Damn, this video was so well made, congrats
I played a game years ago called Runes of Magic. When I 1st started playing the economy was pretty balanced. The economy was based around thkse who farmed gold, and those who spent money to get mainly a.specific item called puries which you needed to atat up good armor.
Gold farmers got greedy , diamond sellers responded to inflation , a war began that drove the economy to record high prices, amd.the forums were full of arguments. Game economies are kinda fun to study
The perk Maccready gives you is god tier, wtf
you should of mentioned the retired hats that cant be unboxed in unusual variants, those were the only items that could retain/grow in price!
I’ve heard this story before but bro some of the side gags with the edits got me good
I sold couple of crates that day and bought Cyberpunk with that money.
F
cyberpunk is actually good though...
To this day I still wear my Crate Depression hats proudly.
coder man
I was playing on your harvest server its pretty cool :)
Also i missed out and im very very salty
@@amogusgaming.6681 Woah awesome!
@@HeyGrouch kinda sad its around only 6 players at most when i play but i love the goofy maps
@@amogusgaming.6681 smaller communities make smaller playercounts, yeah
The Bomberman 64 music, i can see you're a man of class. Lol thanks for the blast from the past.
So random! I was lurking in Reddit and UA-cam a few days ago about the Great Crate Depression and i have found this. I think that TF2 is a great game not only its maps but also its history. The skilled youtubers like you should work on those historical facts such as the Depression, mid 2010s bot crisis and etc. Because this game is still alive! Thank you so much!
The day oldschool Halloween unusuals started going nuclear
I sold some moldy old crates and bought the complete edition of FFXIV, which is now my favorite game ever! Thanks crate depression! :D
i just wish I could experience unboxing back to back cool old 1-18 unusuals i love those hats so much
looking back, the crate depression actually did have a HUGE and MASSIVE effect on the economy of unusuals, that being OG unusuals and unusual miscs, originally, i thought the overinflated prices of the OG effects and unusual miscs were most likely because they were high in demand and collectors were buying them all, until i remembered the crate depression, alot of people unboxing these god tier unusuals in mass quantities eventually led to unusual miscs being even higher and higher in demand, eventually coming to the state of the economy we are in now, where viewfinders are averaging 700ish keys per low tier and single class miscs even going for hundreds and hundreds of keys, hell its literally impossible to find an OG effect on any type of hat for under 100-200 keys, its honestly really depressing knowing that alot of these unusuals are basically impossible to get anymore, some costing literally the entire yearly wage of a minimum wage worker, i know its controversial but like honestly, if valve actually cared about the economy and longevity of tf2s stuff, theyd probably think of a way better solution than what they did
also, honestly the really only solution i can think of for this is finding some way to bring back most if not all the of the crates and unusual effects from years past, atleast in a way to keep them rare enough while still making them atleast obtainable, and also bringing back unusual miscs
I remember being on vacations back when it happened and I could not unbox any despite knowing about it. Oooh well. It was still funny reading everyone's reactions live xD
I remember unboxing one single unusual
Then traded it after the fix because it was a low tier worth 8 keys
But now I have an unusual taunt i got last year
Is nice
i remember this day most craziest event i have ever witnessed man and i hated myself because i sold my old crates before this happened and i regret it till this day but im happy i was still able to witness all of the people unboxing unusuals 😂
I started playing a little Jungle Inferno came out due to having watched soundsmith and lazypurple’s videos at the time. I had never even unboxxed any crates until around Halloween 2020 (though at the time I had a surplus of summer crates so I opened them)
I’ve never even had any unusuals until last Halloween (i had gotten an unusual Dustbowl Devil on my first 2022 Halloween crate, it isn’t Halloween restricted and i main Engie so that’s actually really lucky)
I also didn’t have any keys for the glitched crates (or the crates themselves for that matter) so that kinda sucked.
I only play casual for years and idk what strange or unusual items were until 2 years of playing. Never thought tf2 is this deep lol
I got a inventory page of unusuals from this, it was great
This was such a crazy day ahaha, I remember it like it was yesterday, great video
I completely forgot this happened. Ty for reminding me of the laughs :D
To be honest this would have been cool to experience too bad I wasn't playing the game at the time
unboxed 6 hats and made 250$ selling crates that night lmao what a trip down memory lane
As someone who hasn't used Steam in a decade, can you cash out or it just stays within Steam ecosystem?
@@Pllayer064 if you sell on community market it stays in steam ecosystem but there are lots of 3rd party sites that will paypal you if you wanted to cash out for money to use elsewhere
@@Pllayer064 you can buy cs items and sell for real money
@@Pllayer064 you can't cash out
@@Pllayer064 you don't need to necessarily sell it on steam
me and my friends did something like this in a game called Project Winter, we set up a scheme to farm boxes in game, we made a discord with dozens of players and sold them in the market(on steam). 1 person could make like 10+ bucks in a week, after a while people started to realize and at some point a dev joined our farm server, we did not got banned but they fixed the box price and started banning future farm servers. it was pretty fun
I really enjoyed the outro never even knew that version of the song existed.
I can't believe the whatshow is making a video on fortnite, truly amazing
:)
Fortnite is depression
I knew about it and was too afraid of Valve retribution to open one. Something that haunts me to this day lol
I always wanted to get unusual, traded alot and even learned english because of it (cuz foreigns usually had best deals and eventually you catch up stuff even from google translate), got hands on some good stuff like strange original but managed to get unusuals only on crate depression event, funnily enough i checked for some reason tf2 discussion page on steam and saw posts about it, was thinking it was a troll posts but decided to check anyway, boi im really happy by just remembering that
also remember how tyler talked about one of black mesa devs flexing in a tweet that he/she/they sold crate collection(price on them really spiked cuz of a glitch) at the time and bought valves VR headset with these money, i still think valve removed steam wallet payment method for VR headset exactly because of this flex tweet
also saw intresting comment on reddit about if they gave a bug what make 100% unusual chance drop from specific cases, here may be bug in the past what made 0% chance unusual chance drop from specific cases
it is like diamonds, technically speaking actual diamonds mines could sell alot more diamonds than they do but the companies mining them only give out a sliver a time to keep prices high because without demand, they would not be as expensive
Alt title:Nick crashes TF2's economy as a joke
*i want it to happen again oh dear gaben make the traders cry again today in this bot crisis so i can own over 300 unusuals for the fraction*
*of a soda can*
My man you're greedy as hell.
@@henrybruhidontknow6573 nah, greedy would be wanting money. He wants some fancy lights that will consume a bit more of his RAM
@@staringgasmask he is greedy though
He is getting hats out of greed, which he can then sell off once they become expensive once again
@@History_Nurd the machinations of his mind are unknown, he might just be a kid who wants a lot of funny hats for a videogame instead of a can of coke
@@staringgasmask then he can sell them off
Get his coke, BAM
Outfoxied
I dont know how you managed to find some 8-bit American Football but I love it.
Crate Depression made me unbox Purple Energy Mask of the Shaman. Funny part is it didn't become untradable after (not just after august 2nd, by that time I have already sold it). Looks like that was a legit 1% unbox at the time of 100% unboxes. It is shame I didn't wait long enough for prices to stabilize and sold it for about 20% of it's real worth. But well, easy come and easy go, I'm glad I had at least something out of it.
Giving a special hat to those who did not cheat was a genius move for a microtransaction situation, sad it did not happen
Lesson learned! Exploit bugs before they’re gone.
This video made me subscribe. Please do more videos like this.
This have been my favorite game since 2012 and I was obsessed with trading for years and somehow I missed this entire thing lmao. I only heard about it like days later
we do a small amount of trolling
I remember that day as if it was just yesterday... Oh the chaos it produced in the trading community! Glorious.
Man I typically ignore the background music in videos, but I immediately was able to recognize Closer.
Tf2 really went from breaking the local economy and then announcing they're making a full sized themed update this summer (not summer themed)
And yet we learned nothing and NFTs became a thing
TF2 Unusuals, Csgo knives, Roblox Limiteds.
This is basically how the current big game franchise have been revolving around gambling and trading which will inevitably xrash
This is what digital marketing with digital gambling will probably always be.
The solution valve came up was pretty dope to be honest, made everyone relatively happy especially for those who simply overpaid for the glitched crates and such
And now we know we should just exploit it harder next time it happens. Screw being good.
If I was here for this I would've splurged unboxed and just kept every single unusual and never unboxed after
I remember this, and I remember not being able to do anything about it because I was out of town, so all I could do was keep up with things from online posts and forums.
Remember ladies and gentleman, Valve laid the groundwork for loot boxes and DLC gambling. Anytime they get fucked, we win.
I remember buying a $20 massed flies Killer Exclusive. Sucks that I missed the unboxing, but I did get it for a $30 discount compared to now
The part of this video that most surprised me was the never meant cover at the end lmao
Valve taught me a valuable lesson.. next time i'll just abuse it like everyone else instead of hoping for a reward for being a good boy.
I have absolutely no idea what TF2 is but this was an informative and enlightening watch. 👍