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Truecrypt license troubles

Currently I use truecrypt to encrypt private data. Reading the section on truecrypt spawns many questions. The main two issues are:

Q: What is wrong with the license? BR A: Short answer, lots. With every major revision of the TrueCrypt license, it becomes less risky, but it is still non-free. We are hopeful that a discussion between TrueCrypt and the FSF will help resolve the remaining issues, but this has yet to occur.

Q: Maybe a pointer to the discussion or a summary of the discussion is in order BR A: An older discussion is here:

Q: What alternatives could (easily) replace truecrypt? BR A: Sorry, this is not my area of expertise.

Q: Would it be possible to spawn a new truecrypt and have a different license? BR A: No.

Q: For instance could someone change it to being GPL-ed? BR A: Only the TrueCrypt copyright holders could choose to do that, and they have never done so (afaik).

Q: Or is that one of the problems? BR A: Strictly speaking, it is not one of the problems. The fact that the license is non-free is the primary problem.