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There is a certain segment of the populace that will always attempt to get something for nothing. All electronic files can be copied and I don't personally believe that any DRM will be discovered that can prevent this in all cases.
That being said, I also believe that most readers will continue to buy their ebooks, simply because I believe that the majority of readers are fans who tend to support their authors.
I do agree with others who have said that the price of ebooks must come down (and retailers cut must shrink accordingly) in order to remain competative with the black market.
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