No third party should be trusted completely, but I have used
PasswordSafe myself for about a year and have the following comments:

1. It has never attempted to make any network access - at least based
   on ZoneAlarm's interception detection method.
2. If I had to pick the pinnacle of trust in the crypto world, it would
   be a tough choice between Schneier and Zimmerman. But remember, never
   trust anyone!
3. At one point in the past, Counterpane promised an update that would be
   open source. I think they then updated that promise by seeking workers
   to perform the task. I am not sure what the latest status is.
4. If you have concerns, write to Counterpane Labs and ask.
5. The program does not require any Installation process. You can run it
   from a floppy using the single executable file.

HR

> I'm not trying to pick on you, but how can one know that the program you've
> written, which keeps user passwords, does not send you a copy of those
> passwords? Also, I've examined the program and found 3 error messages within
> it, which seem out of place:



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