If it dies, there can be a point where the maintainer can re-license under more open terms, no? Until that point, the work and contributions are ensured to help sustain the creator.
I'm planning on releasing my project under similar terms. I'm not particularly interested in community contributions, but rather for there to be trust in ensuring privacy and security. Sometimes, there isn't a one-size-fits-all with the available OSI licenses and I appreciate what op has done to do his best to find what works well for him and the community.