> There is a fairly big difference, you are decrypting a local file using a master password NOT stored on the internet.
That's the same thing that LastPass does AFAIK. According to their site:
"Your data is encrypted and decrypted at the device level. Data stored in your vault is kept secret, even from LastPass. Your master password, and the keys used to encrypt and decrypt data, are never sent to LastPass’ servers, and are never accessible by LastPass."
So they pull down the encrypted vault to the local machine before decrypting it, it's never on the wire in an unencrypted form, nor keys leave your local machine.... which is essentially exactly the same thing that you do with 1Password + Dropbox for sync, just in one service. (At least that's my understanding, I might be interpreting the LastPass statements wrong, in which case please do correct me.)
That's the same thing that LastPass does AFAIK. According to their site: "Your data is encrypted and decrypted at the device level. Data stored in your vault is kept secret, even from LastPass. Your master password, and the keys used to encrypt and decrypt data, are never sent to LastPass’ servers, and are never accessible by LastPass."
So they pull down the encrypted vault to the local machine before decrypting it, it's never on the wire in an unencrypted form, nor keys leave your local machine.... which is essentially exactly the same thing that you do with 1Password + Dropbox for sync, just in one service. (At least that's my understanding, I might be interpreting the LastPass statements wrong, in which case please do correct me.)