But if my machine were compromised, my 1password password would be compromised too, wouldn't it?
Regardless, the idea is still that a secure password manager would put you in a better situation more often than would a plain text file, cloud notes, physical notebook/sticky, etc.
Now, there are some potential usability improvements they can offer by giving the passwords to "some company" but there's a serious price (not only financial) to pay for that.
Also, because it's designed as a standard Unix tool if you're comfortable in Unix (as we may suppose more Linux users are) you'll find pass fits better than 1password or similar programs. When did you change the password for your Hacker News account? You can use 'git' to ask like you would anything else. How will you ensure the passwords survive a house fire? They're on your filesystem and will be preserved with everything else in your backups (you do have backups and use encrypted storage for them right?).
And so on.
and I automatically synchronise the git repo to an Android phone that likewise has affordances.
They're nicer in some alternatives like 1password but they aren't absent in the pass ecosystem and of course I can customise these as I prefer (indeed one of my patches is landed in PassFF so I no longer run a fork)