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Local Co-Op honestly seems to be dwindling these days, and it's a real shame.
I do not believe the family sharing will function that way -- as that requires each individual to have their own Steam account, and if I recall correctly, it locks the library to a single person at a time.
That being said, yes this type of 'sharing' is certainly ripe for abuse. It would be a balancing act that the developers/pubishers would have to take into consideration, whether the portion of the market that cannot have their 'own' Steam account is worth it to them, or if that is outweighed by potential loss of revenue via pirating.
If the Steam Workshop is leveraged, but the multiplayer aspect is not, it may be possible to share a single copy for Dedicated Servers (LAN only), but I'll wait until the free copy is released for those who already own DS, rather than pay into Early Access. I just have a really excited young family member who can't wait for DST!
Thanks for the input!
If that is the case with DST, then perfect. Thanks!