Sorry Steve.
I have to disagree.
The fence was not created to keep the chickens in the henhouse, but te keep the foxes out of it.
Since chickens have adopted to the situation, they are not very skilled in flying anymore, but a good wild chick can still fly a little. 
Many years ago we had chickens at my parents home, and they were still allowed to walk completely free.
They slept in the bushes actually. (lower vegatation, not those high trees) They easily could fly around 100 meters.
And sometimes indeed one of them went missing in action. Most of the times it was also the last time we saw her or him. But they were really happy chicks, that was a certain thing.
So the same thing with the licenses. Steinberg should trust us, and allow us to copy that license for ourselfs. We are not going to distribute it. 
So i agree with the OP. It is bad bussiness to put the responsability of preserving the unique license to its customers.
Let us live happy and free and let us copy without restrictions.
Let us gather together and come up for our rights.
And let us not become as the chickens at my parents home in time… extinct.
kind regards,
R.