Concept: What you're forgetting is that once it's been activated, a user has a fully functional working copy of Half Life 2 on their hard drive.
Why not zip up the working directory, extract all the registry keys needed and install it that way? Warezed verstion then completely bypasses the Steam authentication.
I'm not suggesting anyone do this by the way, I'm just saying
Also, because the game is single player only (so far) it will be a much greater incentive for people to grab a copy off the nearest news servers. Many people warez games first, buy them later for the multiplayer aspect.
Why not zip up the working directory, extract all the registry keys needed and install it that way? Warezed verstion then completely bypasses the Steam authentication.
I'm not suggesting anyone do this by the way, I'm just saying

Also, because the game is single player only (so far) it will be a much greater incentive for people to grab a copy off the nearest news servers. Many people warez games first, buy them later for the multiplayer aspect.
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