I actually think they shouldn't, it already made steam reviews even worse because people are farming points with low effort memes and copypastas.
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I spent most of mine on buying the boot up intros like you mentioned. Other than that, yeah it's pretty much useless to me.
I didn't know they had those. My points had just been sitting around, so at least got something I want to buy now with those points.
I know it's a long shot but at 100K points, as far as I'm concerned, you can at least receive a €5 gift card or something like that.
As nice as that would be would I believe there would way to many people trying to exploit it. Doing anything for "real world value" could end very badly.
I have 264k from mostly from purchasing a Index. Would love to have more stuff to get with it.
One thing they could do is release a game where you can buy that games cosmetics for points aswell as real money. Again people would try to exploit it and "farm" points etc but imo a better solution than coupons or gift cards.
Edit: or add into past games.
Have they not already done so? They're just a binus thing you spend on the steam points store for animated portraits and borders.
My Steam account is 17 years old and this is the first I've ever heard of Steam points.