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Companies are not your friend
(sh.itjust.works)
Post funny things about programming here! (Or just rant about your favourite programming language.)
It doesn't auto update and you don't need to login. You can enter your key directly.
Does it require internet at any point to activate/check the key? If so it's the same with extra steps.
There's a dialog within the program to enter your key though I haven't checked if it connects to the internet at that point. I use an account so I can easily use it on several computers.