Potentially, you could lose access to all the game. The EULA you agreed to in order to use Steam basically makes it okay for them to do that.
Given the PR disaster it would be, I think they'd have no choice but to remove the DRM before shutting down.
If they didn't though, I'd download and not consider it piracy. I already have a legally bought license to the content. I consider it like downloading an MP3 of a song I had on cassette.
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Enjoy it while it lasts, don't worry about what might happen tomorrow.
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Their servers would die and you'd lose every game you didn't download already. Good job idiot.
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This is a very UNLIKELY scenario.Why?Because even in the event of Valve going under(not possible in the next 10-15 years)They will not just go bankrupt and shut down everything.They would do everything in their power to remain floating.Like selling their game IP's and selling Steam itself.With so many users being on steam,and at the rate it is growing it is a GEM of the PC gaming.So anyone will want to pick up Steam if Valve cannot continue to do so.Also a company can buy Valve if they have a tough time.
And in the event that everything fails and steam shuts down,Valve already stated that they will offer the users a way to still access their games.
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Seriously, what would happen? I know they still make a shitload of money annually but shit happens...
This is me paranoid after a food company that made the best ramen in my country just went bankrupt and there's almost zero chance of me eating their delicious food again ;_;
Some might say that Valve is like a giant in the Industry. Well giants do fall at times. Look at Sierra! Nobody thought it would go down like that :(
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