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I think the point is that while this photograph kind of works (from above, at a distance), generally from ground level it doesn’t. So if it only works from above, then is it really useful as a camouflage?
In fact, a 2016 study concludes that the camouflage hypothesis doesn’t seem to carry weight: https://www.ucdavis.edu/news/zebra-stripes-not-camouflage-new-study-finds
…and there was a study showing that horses wearing a striped pattern cover had fewer flies land on them.