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If you provide your code to the public it always can be "stolen" as you say. For the most part attempting to obfuscate your code is a waste of time. If someone were really interested in seeing what your code does, it can be made less obfuscated. Most people will not waste their time trying to figure out what your code does, and instead if your addon were doing something that is useful but not quite right in someone's eyes, another addon would be written to do that. Carbonite was found lacking and a member of the community removed the obfuscation to make changes. Admittedly it was a lot of work to be able to get it to a point to make changes, but remember that Carbonite is large. In general, if you are writing an addon that is not just for personal use, release it and don't worry about it.
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