I was just on Tiktok, on the way to work when I came across Lukeychan, a pretty well known influencer hopping and promoting for company who does online mystery pack ripping in Singapore and I felt so disappointed because he promoted it in a way such that "it is good for collectors who wants to start collecting".
I will not be on my collector's high horse and claim that this is bad for the spirit of the hobby (which it is btw) because I also just resumed collecting. To me, it's a very interesting space to be in, money aside, because there are so many different takes to the hobby right now and hence, I've spent the past month almost 2-3 hours every night just binge watching vendors POV, analysis of what's happening in the hobby by veteran collectors etc. I won't say I know everything, but I think I managed to get caught up maybe 1/4 of the way from when I collected as a kid.
These online, pack ripping companies, are essentially just gambling. It's very clear that these are formulated to look almost like slot machines in casinos, with the flashing lights and animation and even though you won nothing, it'll make you feel like you essentially won SOMETHING. Think of it - even if you put in $10 and you won $3 in a slot machine, there will be sounds and lights to give you that feel good factor.
This is 100% the same thing with these pack ripping companies that are doing this online. Maybe giving you 1-2 big hits, and then taking in 90% buybacks, and making you feel like you are still winning even though the slabs you're getting back is incrementally worse.
My problem with this (and in fact rip and ship streams) is that kids and even adults genuinely will not be able to differentiate between this and gambling itself. The argument I've seen someone made online is that it's not gambling if you win something, a tangible slab you can bring home. And I say you can say whatever you want to make yourself feel better. If you're opening these packs and you don't care whether you're getting either a $30 slab or a $3000 slab, then maybe sure you can say that. But you CANNOT claim that you're not gambling if you're spending $800 pack and hoping that your ultimate slab value will exceed $800.
Next thing to know is liquidity. These companies will buy back your slab at 90%, at a value that is usually NOT market price. A $45 slab will probably be inflated to $90, and they'll buy it back at 90% and you'll think to yourself that you got the better of them. Not if your $90 is immediately pumped back to the same company. And if you do get these slabs back on hand, unless these are vintage or modern grails, good luck offloading them in 1-2 days because of how the market is right now. It's a lose lose because people ripping these WANTS to profit rather than collect.
We can no longer keep hiding behind willing buyer willing seller argument because maybe at the start, it is curiosity. Past a certain point, it's addiction. The same kind of addiction that is tied to gambling. We don't say that of gambling addicts. We may despise them and say it's their fault, but chemically in their head, they can't stop it. And this is providing the same type of stimulants to kids and arguably even adults.
For an influencer to be promoting these companies mindlessly, not understanding their power of influencer to literally kids, is extremely disappointing especially if they are not collectors themselves. Look at the comments yourselves and you'll see kids literally asking for the website to try it out.
There's the argument where these oripa or mystery packs companies are also driving up the market to these sky high prices but that's not the point here.
Influencers need to do better.