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Who do you lump in the "they" eschwartz? "They" resort.
First, if my wallet gets stolen with my credits cards, I have to block my credits cards ASAP. I lost stuff. If I'm getting hacked (or snooped on), I have more pressing urges than my ebook collection (obviously), but if someone copies my files I still have them.
If someone uses my credit cards, I lose money, if someone reads copies of my ebooks, I don't.
So? Why do you bring that up?
It is not necessary to have one's computer stolen. A virus is enough. A snooping friend, coworker, or your computer reparator. If releasing ebooks in the wild was a good way of fucking up someone (big fines), it could be done just for the lulz, or for revenge in family matters. Some ebooks are contained in ebook readers too. And accounts can be compromized.
I use disk encryption, so what? Weren't we saying that DRM were for honest uninformed people? Why do you care if my computer is secure or not, since all it takes for a DRM file to be propagated is one breach (because numeric files can be, you know, copied)? The "security" of the whole amounts to the security of the weakest link.
And astonishly enough, you didn't even answer my question in your quote. Which holds interesting big ramifications.
I'm not aware of any legal case where a watermark is used to successfully fine someone. I didn't search though, but do you think it would work if it doesn't exist yet?
If you yourself think not, then your intervention was unwanted and brought me nothing.
And don't lump me in an undefined "they". I'm not pro pirating.
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