It's the exe file, not the contents of your PC's memory.
Well, the exe file IS loaded in its entirety into your PC's memory (at one point or another). You might call that a copy. What is so different about modifying the 1's and 0's in your RAM, than modifying the 1's and 0's on YOUR Harddrive? I mean... are you breaking the license agreement by taking a neodymium magnet to your harddrive platter at the precise track that mIRC is stored? What if your magnet only changed a few key 1's and 0's, by chance, rather than by intent... and caused a super-cool mutation of mIRC. Now what if it was done by intent? What has changed?
I still maintain that licensed users have the right to modify their copy of mIRC.
I also maintain that right isn't restricted to hacky work-arounds, but rather direct modification.
It's not how they go about modifying it, it's how they intend to modify it and for what purpose.
