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Saw someone say password managers are a single point of failure so they don't use one

Overheard a guy at a coffee shop in Denver telling his friend that password managers are too risky because if someone gets your master password, they have everything. I get the concern, but I think that logic is backwards. Without a manager, most people just reuse the same 3 passwords across 50 sites, which is way more dangerous in practice. A single data breach at some random forum exposes your bank login too. I've been using Bitwarden for 4 years now with a strong master password and 2FA, and the peace of mind is huge. Has anyone else dealt with that argument and found a way to explain why the tradeoff is worth it?
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the_miles
the_miles12d ago
The whole single point of failure argument ignores how people actually behave with passwords.
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king.robin
king.robin12d ago
Yeah but is it really that serious though? People act like having your email compromised or your bank account drained is somehow worse than the mild inconvenience of remembering 15 different passwords. The reality is most folks aren't running a crypto exchange or storing state secrets on their laptop. A password manager is fine for regular people. The whole "single point of failure" thing sounds scary but how many people actually have someone brute forcing their Bitwarden vault versus just getting phished on a random site? Just use a good master password and enable 2FA and you're probably safer than the guy writing his passwords on a sticky note.
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terryw67
terryw6712d ago
Friend of mine kept using the same password everywhere until his email got hacked.
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