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If your buying keys from legit sites having a revoked key is incredibly rare. The only way you ever deal with revoked keys is if your buying from shady sites who are dealing in stolen keys.
OT is like allowing someone to keep possession of a stolen car just because they purchased stolen goods.
So basically legitimising stolen goods.
-Activate key
-Issue chargeback
-Free game!!!
they are also the only ones that hand out the keys to 3rd parties.
and most of the legitimate 3rd party sites were you can buy Steam keys do of course report fraudulent purchases back to the product owner.
Not that I am aware of. There are game keys for many games that are no longer sold on Steam, that are still sold on 3rd party sites and work just fine.
Nothing is stated about revoking unused keys here.
https://partner.steamgames.com/doc/store/retire_app
https://partner.steamgames.com/doc/features/keys
Also there are no third parties involved in revocation.
Odd, seeing as keys have always been redeemable, even after a game's removal from Steam.
But then, it also says unsold, so if the key is sold, it won't get banned even if not redeemed.
Don't buy keys from shady sites and you'll be fine.
I would add, this should apply after 2 months of ownership, at which point the game is permanently licensed to you until the day Valve dies.
You have to have a waiting period otherwise refunds and fraud can't be caught with a reasonable window of opportunity.
In cases of illegal activity this obviously will be rescinded, just as any illicit possession can be rescinded by a government.