Originally Posted by Automagick

Originally, it was a paid script, so I had to protect the code against pirates.

Now it's free, which only means that I removed the license restrictions. The code is the same and thus, is still encoded.

If I just release the code now, I will expose hundreds of paid licenses to potential vulnerabilities the script may have.

Until i run a propper code review, it's better not to release the code.

If you are afraid, don't use it. I won't feel offended.