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How is the Kindle DRM set up? Do devices have to periodically "phone home" to determine if the copy is authorized? What happens if you move to a different PC? Is there some DRM keys stored on the PC that need to be transferred?
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There is no "phone home" feature for authorization of Kindle ebooks.
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For some reason I think that even using the solution you propose you won't be as "golden" as you believe.
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It is exactly as "golden" as I believe. If you have a copy of the ebook stored for safe keeping, it will always remain readable on THAT particular device (the one it was encrypted for) - regardless of whether they remove the book from your online archive. That's all I ever meant to imply.
Sure, you may run into trouble if you break your Kindle and have to get a new one, but that's a different discussion in which DRM and DRM removal WOULD come into play. I don't care to get into the rightness/wrongness, legality of all that.
My point was... do not assume that your purchase will be available for download from Amazon forever. Past experiences with Fictionwise and other ebook sellers have taught me this. Use your own conscience to determine how far you're willing to go to protect your purchase.