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If you want to share it with others, a common file format is necessary.

If you want to store it in an uncommon file format, you would have to buy a special program to generate the file, and then to read it later. Also, if the computer became damaged, you might have to restore the special program, and it is very common for people to loose their installation media, and not be able to reinstall software, so you would not be able to retrieve the data.

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Q: Why use common file formats for storing text?
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