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I really don't like the advice for #7 (bloggers do not own user generated content). Not necessarily that he's making it, it's just not the way it should be.

If I posted an essay in this comment, it should be up to me to save a copy of the work. Ycombinator should not have to make me agree to give up rights, the relevant rights should be given up automatically by the fact that I donated a copy of the work to store on their servers.

Another tip: don't make important legal decisions based on advice from people who aren't lawyers.