No. It does not work. The people posting them are dumbasses who have been deluded into thinking it will work.
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If by "work" you mean "end up with your Steamgifts account suspended", then yes: it's very effective.
If you're planning on acting nefariously, there are definitely better ways and better places to do it.
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Something about free steam games? Does it actually work?
I'm a bit curious.
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