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@svenlind - so you can save a copy to your computer pretty explicitly covers putting it on your PC. A PC's principal function is not to act as a storage device - unlike a CD/DVD or USB stick which are the explicit examples in the line you quoted.
This thread doesn't belong in the calibre forums - there are loads of threads discussing HP elsewhere on MobileRead. But I'm going to add to it nonetheless because something said here is bugging me.
You say that you think watermarking is a "decent" form of protection. However you have also then pointed out above it's biggest weakness - theft. People lose/have stolen portable readers all the time. People also have their computers & laptops stolen. You have zero control in that situation over what happens to those watermarked files, and the onus is going to be on you to prove that it wasn't you that distributed them if they end up on the darknet or wherever. I certainly wouldn't bother reporting an e-reader stolen to the police or bother claiming insurance on it, so how do I "clear my name" if that happens to me?
So now I have to deal with the stress of not only having something stolen but then potentially worry that down the line I may get blamed for what happens to the files on it. Not a nice thought.
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