Sure, just like we had land vehicles before trains and automobiles. I doubt most people would be particularly enthusiastic about going back to horse-carts (of course some like you wouldn't have any issues with that just to prove some delusional points) this is no different whatsoever.
> With the availability of tools and reverse-engineering techniques, nothing is truly secret anymore.
The implications of that being?
> copyright cartel.
I assure you that corporations would do a lot better than individuals or small-scale professional content creators.
e.g. if there were no copyright Amazon and publishers (the ones who survive) would still throw a few pennies towards some authors but they (the authors) would be in an inconceivably weaker position that they are now.
