re: EDGE: The next Xbox: Always online, no second-hand games, 50GB Blu-ray

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I assume you're playing your Steam games in "offline" mode then? In order to select offline mode, you gotta first be online and logged into the Steam client. This is a requirement. You can't simply disable the internet and then play your Steam games. Steam will fail to launch. If Steam fails to launch, you're outta luck. My point still stands.

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Steam is just a content delivery service for most games. The games are downloaded to the hard drive of your computer. You can play them without opening steam or being connected to the internet