Is it not more like lossy image decompression? Just because the jpeg you're distributing isn't the same bytes as the one I have copyright to doesn't mean you'r

Is it not more like lossy image decompression? Just because the jpeg you're distributing isn't the same bytes as the one I have copyright to doesn't mean you're not infringing my copyright. You're still taking my copyrighted image, running it through an algorithm, and then distributing the results.