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No.

I think GeForce Now is good example of how a lot of people will play in the future - your digital library streamed to you from rented server hardware. It combines having access and ownership of your library (Steam in this case, for the most part) on any other compatible device that you might have currently (or in the future) that runs those games locally, while providing you option to not have such a device, or not upgrade if you don't feel like it, by giving you server solution that is upgraded every 2 to 3 years.

That and lot of ARM handhelds that are running Steam, either natively or via translation layers.