We are NOT logging anything I think you'd be concerned about (this is our BE NOT ANNOYING principle at work).

When we get our Privacy Policy and Terms of Service up, it will be something to the tune of: you own your data, we don't; we don't share your personal information (unless the law requires); and, we don't store your files once they're delivered (bytes go P2P anyway most of the time, so our servers usually don't even see them anyway).

If you have a Pro (secure) account, your bytes will be encrypted in a way that even we can't decrypt. That's the kind of security we would want as users.