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Also, this can be done by a hijacker as well, they would simply resell the hardware to recoup the costs after successful purchase.
As for IP as a "match":
IPv4 addresses are not unique anymore. As there are more humans (8 billion) than IPv4 addresses (4.2 billion), ISPs have chosen to route users together on an identical IPv4 address. This technique is known as CGNAT.[en.wikipedia.org]
But, it's probably a hell of a lot easier to just keep your credentials secure in the first place.
IP matching an address isn't what you think it is. IP addresses for people can change constantly and the only way to know an address linked to an IP is to subpoena an ISP company and find out who was assigned that IP at a specific time, and those records are not kept indefinitely.
There are already so many ways to recover your account as is, and Valve hardware sales are so niche compared to their user base this wouldn't benefit many.
What happened to the usual repliers?!
Yeah, I would agree. But people seem to want to do anything but that.
Well except for the majority of people who've never bought hardware and their IP address is different than at some other point in time. Which is a vast majority of Steam users.
Maybe before trying to solve a problem, you should understand it first....