Upon creation of a steam account your given a steamid, it has nothing to do with a cd key. I found this out back when steam first launched outside of beta when I made an account for a server. In the steam log file I found a steamid which had been given to me without me having to input any cd key. So basically with each valid email they get a new account or it used to be valid anyway. Do they still require authentication? And then using the blob file from their valid account they login and play games with any id for free. Now to fix this I would think valve should require a cdkey check on launch of the game to ensure that the account that is starting the game has previously inputed a valid cd key for that game or the original game aka Half-Life. Because obviously some form of cd key check is either not in place or not working.
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