While I do not have the technical knowledge to understand the underlying concerns discussed and debated above and in the comments, I didn’t see anyone addressing AgileBits’ — third — option of using the traditional paid for 1Password app with your vaults being stored, in an encrypted file, in your — own — Dropbox or Box account instead of their cloud server, and also on your local laptop or desktop.
Since the most recent free upgrade to traditional 1Password, that’s what I’ve been trialing alongwith the free access apps on an iPad and a Windows PC.
Should I be worried too? Is this third option also insecure? I wonder why this third option wasn’t discussed in the above who-moved-my-cheese critique? Or is it there and I missed it?