Originally Posted by
DLifshitz
The problem extends beyond Legacy, because current Standard, Modern and EDH-type cards are just as susceptible to counterfeiting as Legacy cards, and often easier to move. For what it's worth, I doubt that they will outright disallow sanctioning Legacy tournaments, or any format that's currently sanctioned, but I expect that both players and dealers will become reluctant to buy cards, and that overall the very existence of high-quality counterfeits will have a chilling effect on the older formats, so to speak. Fewer tournaments and fewer players.
Speaking for myself, the entire situation with the high-quality counterfeits, WotC, SCG, Hasbro, the so-called consumer confidence, and the emerging competition (Warcraft Hearthstone) will be interesting to watch, albeit from a safe distance. I can't wait to find out what WotC will do and what they'll call it. But in the end, it's ourselves (the Magic players) that have the most to lose. Many of us will have invested a lot of money into our collections, I personally spent quite a bit of time hunting down some exquisitely beautiful cards bearing the artists' autographs, and it's scary to think some crooks from Hong Kong might trigger a process that will render all of that largely irrelevant.