Of course having one master password imposes other security risks as someone who knows the MasterPass can easily access all your passwords anyways for now such level of security perfectly fits my needs. For those who never use PasswordSafe the idea of program is to store all passwords you have in encrypted database which can be only opened through PasswordSafe by providing a master password. As the number of passwords and accesses to servers and web interfaces grow up dramatically as well as my requirement for security raised up I wanted to have my passwords secured being kept encrypted on my hard drive. I'm one of those admins who for years use Linux and until recently I kept logging all my passwords in separate directory full with text files created with vim (text editor). Same is valid also for valid for system administrators who use GNU / Linux as a Desktop environment to administer thousands or hundreds of servers. When number of passwords you have to keep in mind grows significantly using something like PasswordSafe becomes mandatory. System Administrators who use MS Windows to access multiple hosts in big companies like HP or IBM certainly use some kind of multiple password manager like PasswordSafe.
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