The OLPC uses a private key to restrict the rights of the computer's owner. How can you not call this DRM?? It's exactly the same thing!
I'm not exactly clear on just who will own these devices: the student, the student's parents, the school, or the state? If the state keeps ownership of all the computers for itself, and just loans them to kids for a year at a time, would the GPLv3 still force the release of the private keys?
Would the answer change if they loaned them to random kids for an hour at a time rather than one kid for a year at a time?
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