I think the pixel pistol should be unlimited more than the laser rifle should.
Reasons Why This Should Be Changed:
1. Power. It only hits for one damage, so it's really just a glorified white sword. A level 6 player could just hang out getting shot at for ages before dying. Anyone who has played more than a few days has most likely reached level 6. Therefore, it becomes very weak very quickly. That would be fine if it was unlimited, but it's not. And therefore a bad PvP weapon at best. What about outside of PvP you ask? Well... that comes to my next point.
2. Overpriced. First of all, I'm aware that Sim reduced it to 50g. Now that that's out of the way, let's talk about reasons the pistol should be a one-time purchase like the Blue Sword. For example: You're level 2, and you purchase a blue sword for 100g. If you kill a Lawyercat with that blue sword you gain 1g. If you kill 100 Lawyercats with that blue sword, you've paid it off. Fair enough? Now the rest is profit. But now let's look at the pistol.. You're level 3, and you purchase a pistol for 50g. You kill 50 Lawyercats(if you even managed to land a shot on them all, no second chances with the gun), you gained 50g. Your gun has disappeared, and you paid it off with no profit gained whatsoever (let's not even talk about fighting the other mobs, which would always equal a loss). So that *automatically* renders the pistol as a PvP-only weapon, which is a shame. And the next point.
3. Playstyle. People who play games like to have a choice. And I think they should be able to choose their fighting style. Close-range and powerful, or long-ranged, harder to aim, and weaker. Doesn't sound too farfetched to me. The Blue Sword and Pixel Pistol would be evenly matched if they were both unlimited. Not to mention you'd see more variety among the playerbase. Some picking a sword, others picking a gun. But both being able to get to where they wanted to go at about the same pace. Sword users would have an advantage when it came to farming, and a gun user against those pesky wild Hipsters. They could also be swapped as needed. I'd just like to see it have some sort of use outside of PvP. I mean, seriously, when do you ever even see it being used in PvP (the only place it's viable)? It would also allow a lot more roleplaying elements if it was usable as well, so what's the harm?
4. Reputation. On more than half of the Let's Plays on youtube, people are like "YEAHH gonna get the gun, so pumped!" ...and then 5 minutes later. "How I get bullets? Used all my gold on that... Gun sucks." Also ask anyone in-game how often they use it. Enough said.
In conclusion, at this moment in time the pistol is just something that's in the shop no one uses. In fact, most players warn noobs NOT to buy it. I see it used as a decoration in someone's home more than anything else. So something needs to be done about it to say the least. I think it deserves it's chance to no longer be the most unpopular item in the game.
(Note: If this was made unlimited, I would raise the price back to 100g and make it available at level 2. Thus making the player choose a route to go. Ranged or melee).
Just my two cents.