What makes Prestige Skins Prestige?

I understand that there was a lot of complaining about the grind required to earn a Prestige skin. I, however, enjoyed the grind and the sense of achievement once I was done and got the Prestige prize at the end. There were options to buy the skin, much like they have done with the newest releases here, but I liked the idea that for a fraction of the price, one was able to grind for these skins. If the goal was to fix the amount of grind required or the feeling of not having time to grind etc etc. I personally believe there was a better way than doing away with it all together and making these skins tied to lootboxes. My question to all of you is as above: What makes a Prestige skin Prestigious? For me, it was the grind and the triumph of accomplishing that end goal.
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