Frankly, I think it's borderline retarded to distribute python applications without the source code. Firstly, pyc files are not portable, secondly pyc files are trivial to reverse using something like https://github.com/Mysterie/uncompyle2, and thirdly, your app may actually stop working if your client upgrades Python unless you're also bundling your own Python interpreter. Basically, if you don't want people to have access to your source code, you shouldn't be using Python, or, if you really don't want to give the source to the clients, you should be forcing your clients to use your own hosting that you control. For these reasons, I don't think distributing as pycs should even be an option.
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