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If you live in America
Anywhere else it's more like $60
Pray the lord the shipping is not lost in the limbo of a crappy mail delivery system or forever stuck in customs unless you pay additional taxes 'just because' (Welcome to my country)
You lose it? Buy another one. Pray to get it delivered.
You happen to not have it by your side when you're logging in? Have a trading cooldown for failed login...
And what are we going to do when people handle the authenticator codes to the phishers and get their account stolen anyway?
Steam already has a two factor authentication.
A token device will offer no additional security. It will just work giving a fictional sense of security to bad users, like an amulet.
You could deliver Lucky rabbit's foot to users and serve the same purpose to them (for both the security savy an unsavy ones).
Maybe something attached to the Steam mobile application.
I guess i just miss understand it