Yes, or in one case restricted by security policy to very specific sites. I also still run software decades old in a few cases in VMs, any activation servers will be long gone at that point, so I make a habit of checking whether that'll be possible since hard to say what will be important down the road. And licenses are nice for if you want to give friends/family a software Xmas gift, can just print out the key on a nice card for them.
Not going to bother with a refund though, I'll just stick with v1. These days customer hostile activation stuff is pretty normal, I just figure maybe 1/3 the software I buy will be a write off. Sometimes there's a use for it eventually, and I still like to support smaller developers. Just wanted to know if I was missing something was all since it didn't have a FAQ, and when I did a search for it I found a thread from a few years ago where they specifically highlighted it not needing to be online.
Anyway, thanks for your reply as well!