I'm not sure its a good idea to equate halo owners to greedy people. Isn't that stereotyping? GCD, you're better than that.
I'm a lot richer than I was back in 2006 and I enjoy gifting people because I am able to now.
I do agree that it is less rare and more easily obtainable, but that doesn't mean that its "worthless".
As far as a status item goes, I quested it because it is one of the most expensive item on Gaia and I like challenging quests.
I have never once bought gcash on this site and never will, because I don't believe in paying for virtual things, no matter how great and exclusive it is, but that's just my own opinion.
For me, its also a great investment, I can't see it going down particularly soon. Should people who quest for Alchmized backwings also be labelled greedy? For me its the same thing, and its just an item on gaia. It doesn't mean anything until you yourself put meaning into it.