Originally Posted by
gfunkdave
Incorrect. I use Lastpass exclusively. It syncs across all your devices.
It generates arbitrary-length random passwords (things like fjFJ38f;dnep0S_) and stores them encrypted on LastPass's servers. They never see your password; all encryption/decryption is done on your computer. There are browser plugins for Chrome, IE, and Firefox, and there are apps for iOS and Android. It syncs your passwords across all your devices, will auto-fill login forms, and makes it about as easy as possible to have a different random password for every site.
is there a local copy or is it entirely on their servers?
what i like about 1password is that there's a local copy, so you don't need connectivity to access anything and if you don't have connectivity, updates to/from other devices are deferred until you do.