Quote from trade2live:
Ok that was me being uninformed, but I would be too afraid of the rules being changed down the road. For example, your Kindle may become non compatible at some point with a new format, you will be forced to get a new one (ok no big deal), access to the library may require subscription to some new service, some new requirements may turn out to be inconvenient etc.. You don't really own your books. To make an analogy it's like physical gold and paper gold. What if amazon goes out of business ? Ok unlikely but in 20 years who knows could be bought out by some private equity firm, they will decide you need to pay more for access. And you can't copy pages as far as I know.
For authors, I think Kindle is terrible as well. They don't realize it and go along but I am not sure they are better off. First off I am not sure Kindle offers enough protection against piracy, you can use Kindle on many devices such as PC's, from there I would think this may open the door to piracy. AFAIK there are many websites explaining how to get free Kindle books, how I don't know but I read there are ways to copy Kindle books. Prices on Kindle are ridiculous. $9.99 excuse me but even with much higher royalties, $9.99 is not a fair price for the amount of work a book represents. All Bezos wants to do is become the Apple of the e-reader, they want to be a tech company and for that they need to sell Kindles, to sell Kindles they need to drive e-book prices into the ground. The main reason Kindle has been a success is because Kindle books cost a lot less than paper books. The result is that people actually balk at paying anything higher than $10-$15 for the Kindle version, somehow they think that because it's on a screen, a book is worth less. Yet the paper for the book is worth about $5.