In a truly healthy open source project there are many maintainers from a diverse set of countries such that no one person can stop the project, at best they could stop one fork, but others would still exist. Unfortunately far far too many projects have a single maintainer. The open source world has a severe problem with an unacceptable bus factor on many foundational projects. It's hard enough finding one person to maintain some of these things, finding more is a significant problem.
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And simultaneously less secure because it's up to you to handle keeping your vault synced between various devices and most people are significantly worse at keeping systems secure than the professionals at the password managers.
Self hosting a server of some kind or using something like Keepass on a single device (with offline backups) is the most secure option, but as usual with security doing so trades significant convenience for security. For most people who are uninterested in making sure their servers are kept up to date week to week letting professionals handle it is the better option.