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I dare any publisher to just go ahead and revoke all their games to put the "you don't own the games"-myth to the test.
1. Games being removed from Steam
2. Steam users committing fraud & getting booted off Steam
In case of 1, you keep the game. You can still download it, it doesn't count for profile high scores (which doesn't matter if you bought the game to actually play it), you can play it, you can even keep posting on it's forum.
In case of 2, companies like Facebook indeed remove your games thus burning your money but with Valve, you still keep your games, you can still download & play them. You just can't buy any more games.
this is the nature of DRM and why people are against it. If steam ceases to exist it's likely most of your games won't run too.
Source?
Unless you're a grade-A fraudster to a point of committing crimes, VALVe won't ban you. The worst i've seen were store+community bans against users, who, for example, changed their store-region to that of a weak-currency country, to buy Steam-games en masse for up to 75% cheaper (so AAA-games usually at $40-60 would be 3-7 bucks on sales for them, depending on individual regional-pricing).
yes they can, and legally. The end.
You guys keep posting "unless" or "b-but i-if"
read the question, look at history. I know several people who have dead accounts from the 2004-2010 era.
Can they? Yes
May i have your official source on that?
Edit:
The "unless" part is really quite important, though. OP is concerned that VALVe will just cut off access to their steam library on a whim.
Plenty of old reddit threads about it as well.
Once again read the question, because it still looks like you haven't. Gabe could delete everyone's games if he wanted. That wouldn't go down well for him though and it'd most likely get restored. The answer to the question is "yes" regardless of what you continue to complain about.
Yea good chance that's true for a lot of EU countries, which is why nobody's seen it happen in ~8+ years
Official documentation and/or reputable news sources please.
And that's the point: people see what they want to see.