[jamieweb]

In my case, the first time I fully booted the Windows 10 disk was in the VM. I wonder if this counted as a 'change' or does it think that the VM is the original hardware now?

[8_hours_ago]

I bet that if you tried to boot the disk naitively then Windows would want to be activated.

[jamieweb]

Maybe! Windows seems to be activated just fine in the VM.