I don't care what people do with their basses, but to me, it's pretty black and white; If it's not a Fender, it's not a Fender.
I can see in the OP's future... an audition for a band, he clicks with the group, and they praise his choice of playing a Fender bass.
OP, however, is unaware that the band members are all hardcore gear snobs, and among themselves, mock the other auditioning bass players for playing a Yamaha, Ibanez or, dare they speak it, Squier.
Weeks go by, working up tunes, and all are getting along like old friends, until that moment comes.... one of the gear snobs notices a Warmoth logo on the back of OP's bass neck. He's confronted and questioned about this, and with nothing else to say, has to admit his bass is not in fact a Fender. The band members are furious, and feeling deceived, lash out at OP. They accuse him of lying, being a fraud, and a dishonest person. Their vitriol knows no bounds, and they spread the word around the musical community. Sadly, OP will never work in that town again.
Join us next time for...
"Are Legos like logos", or "Oh what tangled web we weave"