Do NOT spend money on this game. As it is free-to-play, only do so. Per the terms of the user agreement--which even law school contracts professors don't read--Riot owns your account and all the time and money you have poured into it.
And so?
That's very common knowledge, and is the standard for most online goods.
That 'nearly everyone' doesn't read the ToS isn't an excuse, as each person has to agree that they read it. You can't really verify it more without making huge sacrifices to the user experience.
Your ignorance about the ToS isn't an excuse. It's not Riot's fault that you read the (very readable mind you) terms. They aren't even hiding it behind large words and confusing language, they are stating it simply:
(No. What you “unlock” is not the virtual good itself, but rather, a qualified right to access it in the Game.)
It cannot be said more simple than that.
When Riot gives you a notification that your account is valuable they are not being less than truthful. Your account is very valuable, to them. It has no value to you and is a worse investment than a new car.
Of course. They can't speak for you. You account is valuable to them, and they aren't claiming otherwise.
And a new car can be a fine investment.
After making an addictive game and funneling otherwise frugal players toward it by labeling it free-to-play, Riot betrayed their consumers' trust by flooding the game with microtransactions and loot.
Ooooh, the thing they've always had from since the beginning? And the so-called frugal players just won't buy anything from Riot. It's still VERY MUCH free to play. You get free skins, free champions and none of the things you can buy for real money gives you an advantage. (Maybe with the exception of new rune pages, but the advantage is very minor)
There are players who have spent thousands of dollars only to lose their account--and money--for violating Riot's imaginary "rules."
The rules exist, otherwise no one would have been banned for them. So they aren't imaginary.
There are players who have spent thousands of dollars trying to get specific skins through random purchases and when they get close to owning the skins they want, Riot stops them from making more random skin purchases.
You missed a point:
There are players who have spent thousands of dollars trying to get specific skins through random purchases, some of these players break the very easy to understand rules that the agreed to, and expect to be able to get the skins they want.
Doens't really seem so unfair now.
And then there is the largest group of players of all, those who have spent hundreds or thousands of hours of their lives that they will never get back playing a game made by a company that doesn't even care about the game anymore.
[sg-miss-fortune]
And the worst part is that Riot will never face the class-action lawsuit it so deserves because hidden away in the user agreement is an arbitration clause.
And the worst part is that Riot will never face the class-action lawsuit it so deserves because hidden away in the user agreement is an arbitration clause I couldn't be bothered to read the ToS.