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I'm torn on this issue, but I certainly don't think that whether giving out the code will decrease the chances of independent verification is a "bogus argument", and it's not about "protecting" anyone from anything.

Writing your own code for anything but trivial analysis is a huge time sink. If I can take someone else's code instead of writing my own, I'll do so. There is a very real chance that making all codes public will seriously increase overall consolidation and decrease independent verifications. (Independent verifications are a problem anyway because funding agencies are unlikely to fund redoing the same experiment and journals are less likely to publish them.)

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