But the point of failure is not likely to be your database of unencrypted passwords. Also if an attacker can get their hands on a password database which is st

But the point of failure is not likely to be your database of unencrypted passwords. Also if an attacker can get their hands on a password database which is stored locally you probably have more problems than just that. Simply using the browsers built-in password saving capability with random passwords is still better than nothing (Chrome can even generate random passwords for you). Changing the password for one compromised site is better than having to change it for every site because of password reuse.