I can only describe the fact that this program being closed source as sketchy as H*LL! The fact that it is already a keylogger that I’m letting run on my hardware. Whats to say its not grabbing more then just the games logs, or the keystrokes I do during the game. Yes their are benefits to keeping this closed source, ie hackers not knowing how this software works or how to defend against it. However I see this more as security theater as hackers have easily gotten through. https://www.unknowncheats.me/forum/anti-cheat-bypass/71397-moss-0-98-bypass.html
I doubt making this open source would effect a majority of cheaters, and most dedicated cheaters have already found ways around this. But I imagine the real effect of this would be calming the nerves of many people like me.