Not really. Wayback machine has been sued for copyright infringement and according to lexisnexis: In its response to the lawsuit, the Internet Archive denies it

Not really. Wayback machine has been sued for copyright infringement and according to lexisnexis: In its response to the lawsuit, the Internet Archive denies it has violated copyright laws and says its CDL program is fundamentally the same as traditional library lending and is protected by U.S. copyright law's fair use doctrine because it serves the public interest in preservation, access and research. I would agree with Wayback's statement and what textise is doing is arguably in the public interest; maybe.