It's there, attached to your account theoretically. :) Whenever I buy a steam game from third-party seller (even physical), I get a serial key for registration on steam. Non-steam/origin/w.e. games often have a serial key too.

Physical media is nothing, customer buys a serial key printed on the CD / cover.

There are still Qt, GCC+MinGW and managed compilers shipped with .NET.

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>It's a win-win as long as it can't be pinned on them specifically. That's what the Chinese will do in the first place.