It's the nature of the product itself. It's a key logger software. That's literally what it does -- take every input on your computer and route it to their servers.

Right, I was just confused by your use of the word honeypot.

“keylogger mode” is optional, and to my understanding, you always see a visual indicator in the text area.

it doesn’t take every input as far as I know, and security firms don’t consider it a threat.

but point taken, it’s not for people with privacy concerns.