I've been using a similar approach actually, with a keepass db on Dropbox. It provides a reasonable level of security assuming your passphrases are indeed rando

I've been using a similar approach actually, with a keepass db on Dropbox. It provides a reasonable level of security assuming your passphrases are indeed random and computer generated (humans are lousy random number generators). However I wanted to bring the security to the next level after that, and this is what Bluepass is about.