The game is riddled with cheaters and VAC is a joke. Valve uses its monopoly on the shooter market to make a joke out of their player base.
The investment in Anti-Cheat seems to be next to nothing compared to the money they make.
Sure, there's a giant amount of cheats online and you can't just ban them all. But i think waiting a while until they get banned is not the solution.
Overwatch is riddled with spinbotters, wallhackers and aimlockers!
Someone is looking at the ground 99% of the time and the 1% they look up, it's an instant headshot? WTF do you need Overwatch for? Do your own work, get a KI! Letting the community do YOUR work is pathetic.

They earn millions from the skin market and it's a punch in the face of any loyal player that they made the game free to play.
Cheating has zero consequences now and there's more cheaters than ever before. But I guess the skin market is booming so Valve isn't too unhappy about this.

Trust Factor is a joke, so is Steam Guard! It doesn't do anything apart from 2FA.