[woolvalley]

Local vaults is completely client side encrypted, so you didn't have to trust dropbox or iCloud if you used that to sync.

The only major vuln are the updates, and that would have to be a backdoor delivered to everyone, otherwise the mismatched hashes would be noticeable. The surface area is smaller with the client side encrypted version.

[rimliu]

Do you trust your client? Oh, you compiled it yourself. Do you trust your compiler? And so on and so forth.

[bwoodruff]

Data is encrypted client side with 1Password.com as well. -Ben, AgileBits