An encrypted password file, such as a 1password or keepass database file, also doesn't have to be stored securely and can just be stored in git or dropbox or wh

An encrypted password file, such as a 1password or keepass database file, also doesn't have to be stored securely and can just be stored in git or dropbox or whatever. You're trusting crypto to not be broken either way, why not trust an encrypted file that provides significant usability rather than an unencrypted file and "stateless" generation algorithm?