Trusting any cloud based password manager to me seems absurd and stupid.
And backups. With 1Password 8, you have no choice but to upload everything to their cloud. And if you don't trust their backups online, and want to follow the 1-2-3 rule you have to spend a lot of time finding the local cache 1Password keeps so you can make a backup by syncing a folder, or use the export feature which doesn't create a perfect mirror of what is stored in 1Password when it comes to tags, links, documents