Keep in mind that TrueCrypt is open-source, which means in a practical sense you get the same security as in a free software. The problem comes with the licensing aspect of it. So, while I do not promote its usage and encourage people to find alternatives, if one MUST use it, he is not "in danger of using a closed-source software". People argue with the ethical side of TrueCrypt, but in practical terms, it's the same as GPG for example.

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