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Steam Now Warns Consumers That They're Buying a License, Not a Game During a Purchase
(www.cgmagonline.com)
this post was submitted on 11 Oct 2024
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While that may be partly true, (also likely) depending on the county you're located, they're not able to revoke the license though.
So in this specific case you having the files makes a world of difference.
But then the same is also true for Steam
Err.. You often don't have the files drm free on Steam. Nor in an installable format (without steam).
Anyhow. Seeing the down votes I'd love for some to elaborate.
Otherwise it just looks like some rampant steam fanboys.