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Also, in some countries, freedom of speech doesn't exist. It is illegal to own and read "sensitive" books. If those "sensitive books" are in digital form, it is much easier for the government to check and find them out (maybe by getting the info while you connect your ebook reader to the Internet). If it is paper books, you can burn those books when the government finds out. So I think people will rather have the paper books.
Furthermore, in some developing countries, not everyone has the chance to use ebook reader or smartphones as they are expensive. They are likely to choose paper books as the price is lower to them.
I believe paper books will still exist for a very very long time.
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