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EDIT: Not to mention that you don't need Steam to run the Steam version of Factorio anyway
Also I doubt steam ever just quit. Way too much money in it. More likely sold then closed. Unless another company makes comparable platform that is a lot better...
While I appreciate your sentiments, this is pretty low on the list of things worth seriously worrying about happening within a meaningful time-frame.
That's a more legitimate concern, for sure. But even then, I believe a game actually being deactivated (as opposed to merely being removed from sale), is more of a risk with "live service" games?
But I accept that I might be being naive and this is indeed more common than I'm aware of, in which case I'm happy to be educated otherwise.
Oh and I meant removed from steam. And with no other place to redown load them from. Unless go illegal way which I wont.
Nowadays I actually prefer owing everything digitally, if it means I don't have to worry about a physical entity anymore.
"online storage only not virtual pc's"
Not all games are on there, but I for one regret not finding about them sooner; as I'm oldschool from the time when you still physically owned a game on a disk, and I don't like the thought of the possibility of something I payed money for being taken away from me on the whim of a company.
Other than that I prefer to have a digital copy of a game. Not that Steam or GOG will cease to exist but more to have the right version. Some games/developers tend to take the wrong road along the way. No problem. I have the right version of the installers stored offline and/or a backup somewhere safe in the cloud.
And most important I don't need programs/additional layers of software to run games.
So it is not unheard of that a game that used to be available on Steam is pulled for one reason or another. I agree with others to ensure you link your copy directly with Wube and download a copy from them if you are at all concerned about it.
When Steam delists a game, you still have your local copy (EDIT: I think? I dunno if it actively purges) -- but when you replace your PC, you will not be able to redownload the game from Steam on the new PC. If the game requires Steam to work (not in Factorio's case), then you are SOL.
I, personally, have purchased games on that de-listed list, and I am SOL because I don't have a local copy.
Unlisted doesn't mean that you lose your game nor that it leaves your library.
Anyway, the whole thought to own a game for eternity is nuts. The lifespan of CDs and DVDs is limited, to begin with. OS and hardware are constantly changing and after a decade or two you need tools like "Dos Box" to keep it running. And then you discover that running a game on 640 x 480 on a 60" 5K screen is not looking that good, your memories become much better than the actual game experience, etc. etc. etc.
I am fortunate that my first computer game, while not available easily for local install, is still playable online. Advent[rickadams.org], commonly called Adventure, or 'Colossal Cave Adventure' for completeness.
There is value, for some, to be had with older games. Steam probably does not actively delete games from your computer very often. They can, and have, however. It's the risk, and the insurance against that risk, which make having a stand-alone copy/version when possible.
Steam, unfortunately, is not the only, or even worst, offender either. I gather Bethesda has been particularly aggressive in killing older games, sometimes introducing patches which lock the game, or limit it to special servers.
Having a 'hard copy' (a pointless term now) saved on the disk prevents any of the potential issues from being any concern. Not that it will happen, only that it can happen.