There´s only a handful of people that can actually pay 50 mil for a hat and they´re not buying them, because they don´t value them at that money or have the hats themselves.
The majority of the people grinding money aren´t going to buy them either for those prices.
So sure, let them drive up the price as much as they want or can. It means nothing. (YET, unless there's enough gold to actually buy them)
Just keep in mind:
- There's not even enough money ingame to buy all of those hats for those kind of prices.
- People would rather spend 50million on items to skill (Dragbones, runes or coal).
- Original Hats at those prices don't actually change hands (owners) - unless staked for another hat
The true money actually lies at the new (affordable) hats. New people will want to buy these hats ( up to black)
Cyan/Purple/Orange 5 to 8 mil = within reach, also for new people ( I can confirm, purchased orange ).
These will change ownership - hands more often, because they are affordable.
Also, money is being taken out of the game currently - gold will become more valuable overtime, and these ''insane'' prices for green or white hats will mean even less.
Their value is what we want and make believe them to be. Once our trust in that amount shatters, they are only worth whatever people want to pay for them in the end, which comes much closer to 20 or 25 million, like a Black Party hat.
So yes, agree with GleU; QQ perhaps, but if you understand economy, you shouldnt worry much about this at all.