More realistically, your distribution maintainers will verify and compile the package, and you trust your distribution maintainers more than spideroak so you delegate source verification to them.
So this is a good point, however:
> More realistically, your distribution maintainers will verify and compile the package, and you trust your distribution maintainers more than spideroak so you delegate source verification to them.
This is actually pretty compelling, but ignores Windows and OSX devices, which not only are the vast majority of all users, but also the least likely to compile their own. They will trust the provided binaries instead.
This is one of those "Why Johnny Can't Encrypt" (http://www.gaudior.net/alma/johnny.pdf) situations. I'm not solely criticizing spideroak here, I think this is a more general open problem with any 3rd party service that's meant to be trusted. It's an oxymoron that's been only somewhat breached because of public key cryptography.
Or, in other words, nobody that cares about privacy are using those anyway (at least while they care about privacy), by definition.
Authors of open source software who want to distribute trustable binaries should include instructions for how to reproduce the binary exactly from the source. A third party verifier could reproduce the binary, then publish a digital signature affirming that they reproduced it, allowing anyone who doesn't want to compile it to check with a trusted third party.
But all of that is a moot point if the source code isn't being very carefully checked.