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Regarding DRM removal and the possibility of an identifying watermark - I'm not concerned about this because I only ever remove DRM for personal use anyway. I don't distribute them. (In the past people have speculated about e.g. a hard-drive being stolen and ebooks uploaded by someone else. I find that far-fetched and will take my chances.)
DRM only ever stops casual sharing really. Unless/until they put chips in our brains there'll always be an analogue hole.
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