Passwords should die a horrible death. They are a mere fallacy. An illusion of security. I'd bet that only a small fraction of a percent of accounts are hacked

Passwords should die a horrible death. They are a mere fallacy. An illusion of security. I'd bet that only a small fraction of a percent of accounts are hacked in a given year (by password or otherwise). Though there's room for improvement, lets not pretend that currently popular security measures do nothing.