Rated 2 out of 5 stars
Excuse me, fairy tale lovers, but... in times, when mobile storage offers 16 GB (an ordinary USB-Stick) really nobody can tell me, that my passwords have to be stored somewhere in the web (be it with or without 'password'!). I can carry encyclopedias full of passwords to any place in the world without the possibility for anybody to watch them (encrypted, decrypted, in runes written or in hieroglyphs...).
So please tell me: Why does one need to give ones private access keys (!!!) to people they will never know in their life???
That's why I call users 'trusting' such technologies 'fairy tale lovers'... I'm not paranoid, BUT what is the reason for using passwords? If I give them anybody (who I don't know!!!), I simply don't need them - that easy it is.
You need to look at the details
Kurt, if you looked into the details you'd realize that your 'fairy tale' is TRUE! You're storing encrypted data which LastPass doesn't have access to!
This technique is called Host Proof Hosting: http://en.wikipedia.org/wiki/Host-proof_hosting
With LastPass you can be secure and it's more convenient than your USB thumb drive.