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How it works
https://en.wikipedia.org/wiki/Steam_(software)
There should be no real reason why Valve would shutdown. By early 2018, the service had over 150 million registered accounts with a peak of 18.5 million concurrent users online
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Valve is working hard to to update and improve members Libraries privacy
Quote
Changes coming to Steam mean that users’ libraries will now be kept private and out of the data sluice that fed Steam Spy, a third-party site that tracked game ownership, concurrent users and other trends on Steam.
https://www.polygon.com/2018/4/12/17229752/steam-spy-charts-new-privacy-rules-valve
Adding :
we now have Blog button just to the left of the emal notifications.
This is a good place to readup on the latest.
Well if you spent 1k on steam (Some people have) then wouldn't you be pissed to lose it all just becuase the company shutsdown? Its like that time Gamespy shutdown for Arma 2 and now its a dead game in my SteamLibrary.
If they release a fix to be able to play, they do, if not it's not the end of the world.
Spread your chances between different platforms and the impact will not be so sever, IF it is a total failure.
And yes, i have much more value put into steam than 1K, and if something happens, it happens.
I'm more upset that the movie industry scammed me with dvd's and dvd rot than i would ever be about digital content.