It seems the Chrome team isn't buying that argument:

" I appreciate how this appears to a novice, but we've literally spent years 
evaluating it and have quite a bit of data to inform our position. And while 
you're certainly well intentioned, what you're proposing is that that we make 
users less safe than they are today by providing them a false sense of security 
and encouraging dangerous behavior. That's just not how we approach security on 
Chrome."
 - https://news.ycombinator.com/item?id=6166886

----- Original Message -----
> From: "Richard Newman" <[email protected]>
> To: [email protected], [email protected]
> Sent: Tuesday, August 6, 2013 9:10:41 AM
> Subject: RE: "chrome's insane password security strategy"
> 
> Related: in all the discussions about killing Master Password, its use as a
> "filing cabinet lock" – keeping out snoopers, not attackers – seems to be
> the most compelling argument.
> 
> (Phone; please excuse brevity.)
> 
> 
> -----Original Message-----
> From: Lloyd Hilaiel [[email protected]]
> Received: Tuesday, 06 Aug 2013, 4:51am
> To: [email protected] [[email protected]]
> Subject: "chrome's insane password security strategy"
> 
> 
> http://blog.elliottkember.com/chromes-insane-password-security-strategy
> 
> (forwarded from dev-identity)
> 
> lloyd
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> Sync-dev mailing list
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