That's great, but the security risks tend to be around the edges. A user still has to access the encrypted store somehow and other apps could potentially compromise things. I'm no expert on this, but I've heard people like Steve Gibson and Bruce Schneier talking about how hard security can be. I'm not trying to put a downer on your project. We have to be realistic about the risks. I'm sure others will be checking your code and I hope they can spot potential problems.
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