What's so bad about micro-transactions?

[kupomogli]

NiKKoM said:
I don't like "cheats" microtransaction in full priced games.. we used to have them for free.. don't mind cosmetic stuff, like horse armor..

On consoles most games didn't have cheats and those that did didn't have max money, max stats, unless using a bug or co op save/load.  That's why there were devices like Game Genie, Game Shark, etc. 

It wasn't even common on PC.  Games like Warcraft with pot of gold, etc, or games like Sims had it, but most of the time, you'd have to mess with save data files in order to cheat on PC.