Barkley said:
According to valve there is no time limit on offline mode - http://steamcommunity.com/discussions/forum/1/864969953572102601/#c864969953730401285
It's unimaginable at the moment that steam could ever go under with it's current monopoly on pc gaming. Even if the unthinkable happened they would just be bought out. If for whatever reason they had to cease business and no one else would take up the reigns then I'm sure they would disable the DRM which is built into the steam dll files not the games themselves so disabling it across the entire library would be a simple task.
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That's pretty much debatable: http://www.gamefaqs.com/boards/291-steam/63506584. People also observed this behavior: http://www.reddit.com/r/Steam/comments/1i5lkh/2_week_limit_in_offline_mode/. Valve claims that it's a bug and it's not "by design". I don't buy this. Even the link you posted contains several people that had set up it on offline mode and it just required a connection weeks or months later. Not very offline at all.
There are situation that force the Steam client to require an active internet connection to resync data and then you can re-enable offline mode. They can't provide more details about it, but they confirm that it exists.
Every company can go under. I could list several cases of monopolies that aren't here anymore. We can't be sure that they would disable the DRM because:
- It's a closed system that we don't know nothing about, except what Valve says.
- We don't know if Valve can do it or if they need the game's publisher authorization. Steam games are cheaper than other digital storefronts and few publishers try GoG. It seems like the DRM is interesting enough to make them sell the games cheaper and give huge discounts. Remember, there is no free lunch.
- Even in offline mode, they could still pull the plug if they wish. You can't be sure that it is 100% offline unless you really cut the network communication on your PC or block the client on the firewall.