I'm someone who removes DRM from libary books, though not for pirating purposes. Here's why I do:
1. Formatting. This is actually the biggest reason. I'm probably way more sensitive to how I want my reading page formatted than I should be, but there it is.
2. Inevitably the book I've been waiting for for six months will become available when I'm in the middle of a doorstopper that I don't want to put down just yet, so I want to hang onto it long enough to read it.
I have a column in Calibre to track if something is from the library. I delete library books from Calibre when I have finished them, and I also return them if it's within the original loan period (and most of the time it is). I periodically audit myself to make sure I haven't inadvertently kept anything that I borrowed. If I think I'll read want to something I've borrowed again, I'll go buy it.
Point 1 likely has limited validity for a lot of folks. Point 2 I consider no different from my friend who puts her Kindle in airplane mode to give herself more time to finish a book, which is possibly still a grey area.
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