>Nope. My account on my vps is protected with a strong ssh key and password-logins disabled. Also fail2ban is set up to forever disallow ips that try failed logins. So not the same at all.
By "account", I don't mean the account in /etc/passwd on your VPS, I mean the account with your hosting provider. That can be hacked/phished just like a dropbox account, not to mention the provider themselves getting hacked or social engineered.