During this era, the "dust" was the chaos of lost CD keys. Every tech user has a story: a scratched disc, a ripped cardboard sleeve, and a frantic search at 2:00 AM for a working key. The dust settled only when you finally typed in that key, heard the disc drive whir, and saw the installation complete.
You can't sell a digital entitlement at a garage sale. You can't lend a subscription to a friend. The serial key, for all its flaws, represented a transferable, physical relationship between you and your software.
: Ensure your device has a stable internet connection. Activation requires the software to verify the serial key with its servers.
For popular software (Windows, MS Office, Adobe CS2), the original activation servers are dead, but the developers released "official" kill-switch patches.