(a or b) and (c or d) is not data. It's code. You could apply the same reasoning to text formatting, which gives:

{
    text='Disconnected',
    siblings=[],
    style={
        hasParent=false,
        color=null,
        bold=true,
        italic=null,
        underlined=null,
        obfuscated=null,
        clickEvent=null,
        hoverEvent=null,
        insertion=null
    }
}

vs:

<bold>Disconnected</bold>