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These are good points. However, as a user of Dropbox I just don't care if they encrypt my data or not. If I back up anything sensitive, I encrypt it myself. For stuff that's not that private (e.g. pictures that I've shared) I assume that anyone at Dropbox could look at them.

It's more than just your data. The other service similar to tidy.io that recently launched managed to leak people's private AWS keys.

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