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Azzanation said:
My simple question to those who would is "Do you play the game or the Box?*
Google what a video game is and what its meant to do and you will find your anwser there.

 My simple question to you is "Do you prefer to buy a product, or a service that you don't control ?"

 If your Steam account is closed (for whatever reason, like not accepting a new EULA for example) you loose all your games.

Note : link redirect to a french site, so there is this that is not the same story but seems to have the same result.