> It is not a copyright infringement I go to Disney's website, download a JPEG,
Only because of applied license.
> convert that JPEG to 1s and 0s, print just a bunch of 1s and 0s
Yes, there is, barring context that maked it fair use (which is an exception that applies to things that would otherwise be violations), this is a fixed exact copy in an alternative form jist as much as a .zip or a lossless .png converted from the .jpg would be, and violates exclusive rights in copyright.
> Anyone can go to the Disney website and get those same 1s and 0s.
That’s an argument against damages, not against it being unauthorized copying.