By installing it through Xcode you have as much security as downloading any App Store app as long as you are not jailbroken. If there is a vulnerability then yeah any app even from the App Store can take advantage.OK, downloaded the Xcode project and... it's a binary wrapped in enough barebones code to get it to compile.
Honestly, I'm a little creeped out. I get that the app is patent-pending and they've got some trade secrets to keep secret and all that, but the whole reason I trust Xcode side loading versus jailbreaking is so I can make a cursory audit of the app and make sure it's not phoning home or doing anything creepy. This is especially true for an app that can only exist using private APIs. Call me paranoid, but one of the reasons I use my phone as much as I do is because I have that reasonable expectation of privacy/safety from key loggers and the like.
All that to say, how safe is installing this? Anyone have any experience?
I did download this to have as a backup and I downloaded it not from the 3rd part link macrurmors hsed but the official website.
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Macrumors you should modify the link to make you go to the official website download. Idk why you used a 3rd party app link hoster tbh.