When it was still an option I usually played through the campaign on masochist to make it more fun for me, then changed back to regular difficulty once I started to hit a wall somewhere in monoliths.
Having an optional harder difficulty is always fun to have, even better when there's a minor bonus to loot like in Grim Dawn's veteran mode.
This bonus shouldn't be proportional to the increase in difficulty in order to not feel mandatory, but a slight buff sure would feel good to have. Like with stuff being 50% harder having a small loot bonus of like 10 or 20% more/better loot would be nice without feeling mandatory.
Even if you disagree with this, please bring back Masochist mode :D
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