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I believe they can have DRM in an acceptable manner IF:
They create a mechanism where I can lend, sell, or simply change to different format ANY DRM'd book that I own and can demonstrate the ID, serial number, or keys. Perhaps an industry sponsored exchange?
I think this needs to be a free service for format shift. The alternative IS free. For lending or selling, a minor fee could be acceptable.
This would also raise the VALUE of eBooks.
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