Just tested it again - if a new user receives his account validation email the password isn't encrypted even if in the backend it is set to non readable. Is this a known bug?
Thanks for your feedback!
This is fixed in the latest version of EasySocial I believe.
Joomla's native registration shows password by default and we cannot alter that behaviour.
If you are using EasySocial's registration however, it is obeying the settings where if you set it to not show password, then EasySocial's email won't show password.