I wonder how good an argument this is considering you still need to input the password using hardware and software, potentially vulnerable to keyloggers and network sniffers &c.

In related news I'm always shocked to see people logging in to various services using public computers, not aware of the risk or trusting the machine not to be compromised. One course, using one time pads would negate any such worries but somehow I doubt too many people use such devices.

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