Sockenklaus

But isn’t this kinda like the one click hosters like Rapidshare or Megaupload? Those services (at least the big ones I think) have been taken down for copyright infringement although they had the benefit of the doubt because data was stored fragmented and encrypted. Or am I not seeing something important?

Yes! Keepass2. My database is stored on my OneDrive so I have the same database on alle my devices. If I decide to cancel my OneDrive, I can easily migrate my passwords to another cloud host.