Howto fix the problem:

> do you want to run the risk of loosing everything if you loose the
password? or are you willing to take the risk that someone will break in
through the Canonical security, download your data, dig through it to find
something interesting, and take action on it?

It is easy to keep a password or key safe. Print it out into a hard copy
and put it in a secure place with the rest of my critical documentation
(automobile title, birth certificate, mortgage information, etc etc)

Then it is win on both sides. As long as you make it absolutely known that
Canonical has no knowledge and cannot ever retrieve the password for you
then I think that is acceptable.

I suppose if customers trust Canonical then they can just send them the
key/password to keep track of. It would be a lot easier to keep that safe
then a "cloud".