> One case although, is to keep a simple password you'll remember to access your client-side encrypted cloud backups of your password manager db. Otherwise you could end up in a case where you've lost all of your passwords and your shit out of luck when you lose your computer and your local backup.

The problem is that if you can remember a password, then a computer can guess it, and if you store something in the cloud then a computer can perform offline attacks all day long. And as time goes by, those offline attacks only get faster. This is one of the reasons that Mozilla's new Firefox accounts & sync system are insecure and unsuitable for storing passwords or other private data.

Sure, if it's an epic passphrase run through PBKDF2, bcrypt, scrypt or argon with a truly evil work factor (like, on the order of hours), then _maybe_ it's suitable for securing a backup of the keys to one's kingdom. Maybe.

Better, I think, is to encrypt the backup with a secure key, then encrypt the secure key with a memorable password, then use k-of-n secret sharing to give shares of the encrypted key to some number of trusted people. Up to k-1 of those people may disclose his share without endangering the encrypted secret, and if k do disclose it then it is still protected by the memorable password.

The problem is that in a world of cloud backups, a mistake tomorrow can endanger yesterday's backups.