True enough.
I guess the thing that horrified me the most was when I was making my first website that involved a login, and I realized that while of course I'm a respectable coder that will securely hash and store only hashes of passwords for comparison, and clear any plain text passwords out of memory immediately, in no way can I guarantee that even a single other person hosting any other site will do the same.
But your average user isn't told that. They'll reuse their passwords over and over and over again, and so while encryption may work mathematically, I have no faith in the average developer to keep their code secure and bug free. (I don't even have faith in myself to keep my code bug free)
And I have no faith in the average user to not use the same password for every site. (steemit excluded of course)
RE: My thoughts on the Internet and technology