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Originally Posted by moz
Currently of the $500-ish I've spent on ebooks all has gone into books that I now own copies of, rather than to books that I can only access at the pleasure of the owner.
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I think you'll find, that if you read the terms of service of practically any e-book store, that you are only licensing it, not buying it. For example, FictionWise say:
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All eBooks at Fictionwise.com are the exclusive property of the publisher or its licensors...
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