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Pornhub goes dark in Arkansas after age verification law kicks in
(www.theverge.com)
This is a most excellent place for technology news and articles.
It’s not like they are plaintext, and increased availability/ redundancy would be one potential reason for deciding to have a cloud synced password manager database.
There are other solutions that you can self host or create yourself, and if that works better for you and your use case, I encourage it.