In administering the wiki, I decompile Terraria whenever an update is released. That's where all the stats on the wiki come from. The mod and inventory/map-editor authors are constantly doing that too. Re-Logic has said more or less that it doesn't have a problem with decompiling for either information or modding purposes. If you were to copy code and use it in a commercial product, on the other hand, that may likely be problem.
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