[bastawhiz]

On the other hand, you're making a pretty big bet on the correctness of the implementation of the tool. What if, due to a sneaky bug, the tool uses far less entropy than is required to securely encrypt your passwords? If there is nobody working (professionally, for money) to check that the implementation is correct, you're just hoping that your passwords (stored on a public blockchain) were blessed with the correct incantations. As it turns out, getting a proper audit of products like this where there is no central money-having entity is incredibly hard.