Well you are partly right Ardbeg and there are several more benefits of legalizing name trading.
First off, while hoarders would benefit monetarily from legalization, so will all the people interested in buying a name but instead in terms of increased satisfaction. So there's obviously a demand on both sides as we've seen the last couple of days. Second off, it should be in your interest too no matter if you're interested in trading names or not. This is due to company resources being spent on investigating scams, rolling back names, communicating the issue with the customer base, looking for a solution, trying to maintain reputation and so on. Ask yourself, when you support the development of the game by buying platinum, do you really want your money to go towards such activities? Or do you want your money to go towards new campaigns, new events and new content? Tradeable names do not only benefit the minority you are speaking of, it's a solution that benefits everyone.
EDIT: My theory is that, in early stages of the game, the developers didn't find this feature would add any value to the game experience and therefore didn't dedicate any resources to it. The simple solution was to prohibit it. With time names have become a sought after cosmetic phenomenon, just like vanities, but old development decisions have remained. This created a black market which today requires more attention and resources than actually developing a functional trade system for names.
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