My employer's laptop, my client's laptop, and my personal laptop.
I enjoy HN for many reasons, one of which is to encounter approaches that I would not even consider. I would not use my employer's laptop for personal, let alone a side-gig purpose, with a 10 foot pole. It's not mine, I have no control of it, I have no visibility into what is being monitored nor how it is used, where the data goes, what I should install on it, etc. Employer has full legal right to request it back this evening.
Yes, it is perfectly reasonable and in many cases prudent to not use your companies laptop for home-use. So you may chose not to do it.
That the company would own everything you did on it is still completely unreasonable.
(If you did not install fresh OS from image of your choice, then you did not install software from scratch and should not be confident what's in your work laptop and what it's doing / monitoring)
It's not your equipment, you didn't buy it, you can't just do whatever you want with it. It's like being given a company car but going on a 3,000-mile roadtrip "because why should I have my own car if you gave me this one?"
It's not remotely unreasonable to expect someone not to use their employer's equipment to make money on the side, especially for something like a laptop which over the course of what a developer earns in 4-5 years is basically nothing.
I personally find your position unreasonable: that you should be entitled to use property that is not yours how you see fit, because it’s more convenient to you.
In reality, any sane organization wouldn’t punish you for reading the news on your work computer, but to assert you should be given access seems unreasonable to me. You’re paid to do a job and they provide some tools for you to use to complete that job.
It is completely unreasonable as a blanket statement.