When comparing GPG (Gnu Privacy Guard) encrypted text file vs LessPass, the Slant community recommends GPG (Gnu Privacy Guard) encrypted text file for most people. In the question“What is the best cross-platform password manager?” GPG (Gnu Privacy Guard) encrypted text file is ranked 11th while LessPass is ranked 14th.
Ranked in these QuestionsQuestion Ranking
Pro GPG/PGP is a standard encryption format
Pro Text files can be read across any modern platform
And many obselete ones.
Pro Uses symmetric key encryption to ensure that emails are secure
Symmetric key encryption not only protects emails from unauthorized access, but it ensures that the sender and receiver are legitimate.
Pro No dependencies
GnuPG does not depend on a reading program in order to be functional.
Pro Free to use and modify
GPG does not use patented algorithms, so this service is free to use and modify without restrictions.
Pro Outstanding compatibility
GPG is standard on most operating systems, and is compatible with "too many to list". A GPG API is currently being developed for further integration.
Pro Really platform-free
Pro Doesn't store passwords
If it's not stored, it can't be stolen.
Pro Open source
Con Requires knowledge of the command line
GnuPG requires technical knowledge, but their FAQ is incredibly helpful for people who want to get started.
Con Easily cracked with exposed/compromised master password
Since anyone can use LessPass with the same parameters as you, all they need is your master password (which could be obtained through keylogging or numerous other methods) to gain access to every one of your site passwords.
Con Cannot store existing secrets
Existing secrets (aka passwords) cannot be stored with deterministic password managers. In order to use LessPass effectively, you will need to change your password on every site.
Deterministic password managers have many drawbacks.