tl;dr - You're holding it wrong. Seriously, is the HN audience really that non-technical these days? Lol. I don't know what the clown who wrote that post is thinking, or the person that submitted it was, but seriously, how the heck did you think password storage works? It's like when everybody got up in arms about Pidgin storing passwords in cleartext. Heck, they even made a page explaining the rationale: https://dev…
Even encrypting the password store on-disk? What's Keepass doing?
In KeePass, a passphrase or a key file act as the encryption key.