Meaning you have ONE point of failure. If LastPass online was hacked, ALL your passwords will be stolen. Even big bank, retailers, credit card companies, governments have their server hacked. And who knows if LastPass is going to be bought by some company that you don't want them to own your data. Not going to put all my "passwords" on the "cloud".
While KeePass is open source and offline. Actually offline only maybe a good thing.
This is incorrect from what I have read in many places. If LastPass was hacked, they would get a pile of encrypted useless data. The way to get my passwords would be to brute force hack my master password, which if you create properly, is little to no threat...
Is this incorrect?