Comment by t0mbstone

I'm simply pointing out the elephant in the room. If there is no ability to audit the source code of the password manager, and the source code is managed by a third party company, then for all intents and purposes, the third party company has theoretical access to everything (regardless of what encryption is used). It boils down to trust, and that trust can be violated by a single rogue employee at AgileBits. It could also be potentially violated by a government agency gaining control of AgileBits.