Web replacement for the old-fashioned "password.txt" file

Hi, I've just released this small project: www.foolbits.com. It's the replacement for the "canonical" password file (I used to have a gpg encrypted one on my pc), but it is web based. The encryption/decryption is totally client-side and the source code is available on GitHub. If you like it, please share it... If you don't like it.. thanks for your feedbacks ;-)