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I like being able to have a local copy of my ebooks, because I don't trust random strangers to look after them. Not being able to have a local copy, and not being able to read on an e-ink reader, makes this a non-starter for me.
That said, if they got books that I really wanted to read, and I couldn't get them elsewhere, I might sign up. It's all about the books. I might put up with adverts if it was the only way to read a book that I really wanted.
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