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The Amazon Kindle method is a bit toxic.
One solution is to lend the eReader.
Be careful what you wish for as big publishers, not particularly the eReader makers, are the force behind DRM. I totally support copyright, but the USA DMCA is evil and DRM contrary to provisions of International copyright treaties and fair use. The continual extending of copyright expiry only benefits big corporations and is immoral greed. The usage of ebooks should be the same as paper books. The problem is that an industrial pirate can copy paper books but users have to loan the physical item. Industrial pirates have copied ALL media with DRM, it's a barrier only to ordinary people.
Not all eBooks on Amazon have DRM. None on Smashwords have DRM. Boycott DRM.
Meanwhile a cheapest eReader is about the cost of 15 decent books. Buy a second eReader if you want to loan books with DRM. Really other than people in the same household it's the most ethical solution.
Do NOT upload eBooks or "share" copies with random people.
"Firstly, there would be the fact that you should own the books you buy, and thus be able to give them to whom you want, as you would with an actual paper book."
If you "give" an electronic copy of ANYTHING to someone, you should delete the original unless it's out of copyright.
Note that promotional or "free copies", or copies bundled free with something are often subject to EXACT same copyright rules as bought material.
"before they switch from paper to e-ink."
They are still complementary. Like buying a DVD vs watching on subscription (Streaming or Broadcast). My eInk book usage is in addition to buying paper books. Actually paper books should have a unique one time download code for an eBook copy. I've bought two paperbacks that came with free eBook downloads.
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