Standalone vaults in 1Password 8

After the compromise of another cloud based password vault service & the compromise of Authy...I wouldn't recommend cloud based vaults. Furthermore, we would have to rely on the trust of the company to hope it doesn't have a backdoor...which is a serious privacy issue when the vault is located on their cloud servers & not on a home computer. This shouldn't be an issue provided the company is too small to attract the attention of influential government, or large & dedicated to privacy that they would play the cat & mouse game with government hired hackers. Personally, I'd rather keep it on my own system where I can have multiple layers of encryption to protect what I encrypt. This will unfortunately keep me on 1password 7 until the foreseeable future.