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Double-talk. Content's "license"? When I buy a book, I own that copy of the book. Period.
This idea of a "license" to "content" is a legal fiction. Any attempts to base a system on the concept of a license to use content is going to fail, as has been amply demonstrated by the current state of affairs.
What I'm suggesting via pk-cryptography is a way to generate a copy of a book unique to an individual purchaser.
You also haven't explained the rationale for limiting content to a specific number of devices.
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