Open source doesn't make software safer

World of Warcraft
World of Warcraft: closed source with few security flaws. What does that tell you?

There is this ludicrous paradigm among the technorati that just because a piece of software is developed collaboratively and by enthusiasts with source code shared freely on the web, that automatically makes it more secure and less buggy.

"When everyone can look at your code," runs the argument, "flaws get found more quickly and patches get released almost immediately."