To further the thought experiment. I digitize my Blu-ray and put it on a private tracker to share with ONLY my friends. Is that piracy?

Copywrite laws are antiquated at best and need to be destroyed at worst.

If you need more proof look at bullshit like how Paramount+ until recently couldn't show flagship shows like Picard in Canada because the rights were given to Crave.

So as a consumer I want to go to the owner of the property and I can't watch it because the owner told me they gave a copy of it to someone else.