this post was submitted on 16 Jan 2024
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I think more likely than Valve going under is Valve getting bought or going public. Both would result in the new owner (a megacorp in their own right, or greedy shareholders, respectively) turning the system into shit to squeeze more money out of it. And new DRM would be foisted onto the system regardless.
That's a possibility. Then again, Steam games are getting stripped of DRM right now (and possibly enhanced with some malware), so the moment the value proposition of just installing Steam and not having to do anything else goes down, it's likely for generic DRM strippers to appear, at least for older versions.