The watermark doesn’t change the distribution, only per-token selection. I think not understanding that is the source of most people’s FUD.
There's no difference between those two things. The distribution that matters is the distribution of tokens that are picked not the distribution of tokens the LLM model passed to the selector.
This comment disagrees with you: https://news.ycombinator.com/item?id=49324387
There's no difference between those two things. The distribution that matters is the distribution of tokens that are picked not the distribution of tokens the LLM model passed to the selector.