[Animats]

Because many paths of that era were not binary-transparent. There was CR-LF to LF conversion, the possibility of ASCII/EBCDIC translation, and other transformations.

Hence such horrors as MIME delimiters:

    -----=_Part_2827761_1947716067.1716352583971
    Content-Type: multipart/alternative; 
    boundary="----=_Part_2827760_1372041171.1716352583736"

We still have the mess that is the required and standardized behavior of HTML5 parsers faced with bad data.

[throw10920]

That's genuinely horrifying, but it explains why SMTP made a decision that I would otherwise categorize as "insane" - it was forced to by constraints of the time. Thank you for explaining!