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Technically, it is possible to decompile a .pyc file and obtain the source code of the original .py file. However, the decompiled code may not be identical to the original source code due to various factors such as lost comments and formatting changes. Additionally, if the original code was obfuscated or protected in some way, the decompiled code may not be easily readable or usable without significant effort. Therefore, it is important to protect sensitive or proprietary code through various methods such as code obfuscation or code signing.