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I've done this before and never had any complaints. Like you say, the whois creation date resolves you of any infraction in my book.
However I feel like watermark traffic has dropped in the last 10 years. I've put this down to an increase in mobile views. I know I'm much less likely to go to the bother of typing in a domain using my thumbs on a mobile than on a keyboard. I'm curious if anyone else has noticed a down trend? Perhaps also the sheer number of spammy watermarked videos online is a factor?
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