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They are planning on releasing the source "later when it's stable and good enough".

Souce: https://twitter.com/brokep/status/354608029242626048

Edit: But they will still control the server. (It's audited by third parties, but... yeah)

If the client source proves that the message is properly encrypted though (they're using PGP), the servers can be as insecure as the open internet and it should be ok

I agree. The reason I put in that last sentence is because I read this in their FAQ (https://heml.is/):

> Distributing to other servers makes it impossible to give any guarantees about the security.

Not sure what they're referring to.

we've seen what happens when "3rd parties" audit stuff - think cryptocat... encraption :)

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