Yes it does, even considering whether or not Denuvo slows down games as irrelevant, I still find it absolutely abhorrent that the way Denuvo essentially puts your game hostage, and the idea that everyone is guilty before proven innocent, or in this case, with proper internet running.

One of the examples I'd have is Hitman (Not Hitman 2, haven't played it yet, however I am looking forward t it) blocking off access to all optional in-game equipment if you aren't online, it essentially puts 50% of the game hostage unless you can prove that you bought the game, despite me already buying the game for christ's sake.