To follow up: the crowdsourced page does indeed make a large number of claims which at least make this sound like a very secure and privacy ensuring device. When I mentioned regulations, I was thinking along the lines of ad companies in the US. For example, an ad for a sleeping pill wouldn't be allowed to outright claim to put you to sleep if the pill didn't work... unless that pill was labeled under homeopathic medicine, then all bets are off because homeopathic "medicine" is unregulated (or was the last time I checked).

New (and also old) privacy focused companies remind me of homeopathic medicine.