Hi midnitewarrior, here is a post where I try to answer that (valid) concern: https://www.producthunt.com/posts/nbox/comments/483328
The other problem with this is that there is now a middle man in my security chain. If you get hacked, potentially all of my accounts can be hacked. If you have a rogue employee, same thing. If you have a flaw in your security, I too am at risk from a centralized source.