Yes, I just saw your issue after submitting this, kept it open because it's comforting it's not a singular issue. (I guess there is no 'this bug affects me' button on github)
This looks like the appcache problem. Try this:
Now restart Steam.
It's ~/Steam/appcache/appinfo.vdf for me, but yes that fixes it :)
Should this bug still be open, as a workaround isn't a fix for other users? e.g. if this happened on a SteamBox how would a user fix it?
@Sarkie I don't think it should because the cause of the issue has been corrected, this issue report and the others like it is just cleaning up the fallout.
Nothing extracted yet.
Since the last update, steam stopped working on my 64bit Ubuntu 13.04 installation.
When I lauch steam, a "verifying update" window pops up for a second, vanishes and from then on nothing happens, except for that /home/benpicco/Steam/ubuntu12_32/steam is causing 100% CPU load on one core. No window is displayed.
Output of
steam: