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Won't work.
1. The real purpose of DRM is to restrict competition by locking the content to a certain reader. So the "content cartel" won't go for anything that will run on all devices/readers.
2. If you have the cyphertext and the key, getting the plaintext is now trivial - and the DRM has failed in its stated purpose.
And one more thing: making 2-3 copies for your friends is not, nor has it ever been, "fair use."
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