Before you could download licenses for everything you owned even without the game being installed. Now you must install a game first before you can get a license for it. This will have major implications for jail breaking.
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Everyone on Lemmy either says one of two things when any console news is posted:
On the second point, you are right. You are trading licensing games from Sony or MS to licensing games from Gabe and his yachts.
DRM on Steam is a choice made by the game publishers selling on Steam
People have a hard on for steam though so they give it a pass for everything.