Comment: Re:Obligatory xkcd (Score 1) 372
First of all, you're setting yourself up with a massive fail should anything in this chain go wrong as all your eggs are in one basket. I could go on, but it's pointless. You haven't thought this scheme all the way through. What if the hard drive goes bad? What if just one or two sectors on this hard drive go bad? What if you get hit by a bus, have a heart attack, get caught in an act of terrorism or act of God? (just realized there isn't much difference between these, hmmmm) Not only is that bad password security, it's just bad IT practice all around.
The discussion was about password security. There's an entirely different discussion about backups, power of attorney, identity theft, medical advanced directives, catastrophe management, etc. You are correct, though -- these are all considerations that require careful evaluation and recognition that they CAN and DO occur.