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Originally Posted by guyanonymous
From what you're saying though, it would be ok to setup a private torrent site for family and friends to share your books (and other material)...or am I wrong here? 
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No, I'd say any of that type of file sharing is wrong when it's put up on the net etc. as that's very different than loaning paper books etc.
But it's a tricky thing to deal with, and really a DRM scheme that allows loaning etc. may be the way to go.
But I'm not huge on that either. MP3s get by without DRM. You're never going to stop someone from giving files to friends, just like they can never stop loaning of books, burning of CDs etc.
Best they can do is work to criminalize uploading (maybe downloading but I'm starting to waver on that from discussions here) copyrighted files from the internet. There's a lot more lost sales there than people giving stuff to their friends etc. I'd think, and it's easier to track and enforce.
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I take it you are supportive of DRM?
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Not really, and definitely not in it's current form. I could live with DRM if it allowed the owner to put it on all their machines, there were ways to sell e-books, loan them etc.
But even then that really does nothing to solve the problem. Pirates will just strip DRM, and thus your back where we are now of having DRM that only annoys legit users and does nothing to stop piracy.