A would-be competitor, in a country not respecting intellectual property laws, might get a few customers by launching our product and charging only a fraction of what we charge. However, what will this competitor do when their customers request new features or report bugs? Obviously, we'd be a lot more nimble in responding to such requests, so maybe this shouldn't be such a big concern after all.

Also, if this does becomes a problem, we can just stop releasing new versions publicly, at which point the competitor's offering would stagnate, while our offering would continue to improve.