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It’s honest. You can trust Ljdawson with your lemmy data, I do, but that’s the nature of closed source.
I don’t think the warning needs to be that big though heh.
I find warnings like this rather amusing, because unless you compiled it yourself, even an open source application could secretly have malicious data-harvesting code added to it.
F-Droid has verified and reproducible builds.
On the Play Store or iOS App Store, though, anything goes.
Isn’t the point of open source that you can check the code for yourself though? Can’t do that with closed source