Hacker News Reader

You are fundamentally correct: to make your passwords safe from hackers you are making them harder for yourself to access (in this case by requiring MFA). Accessing your passwords now requires having access to a device (your second factor).

There are recovery mechanisms that you can set up ahead of time (a series of recovery codes for example), but for the most part I would agree with your premise: you will have a very hard time accessing your accounts if you ever lose your primary devices. For me the security benefit is worth the inconvenience.

You can get around this by backing up your database of passwords onto a pendrive, for example, and then installing the password manager on to a fresh device. You will be able to gain access to your old password file from this if you remember your password.

Password managers can store your passwords on the cloud as well.

True but any password manager in the cloud should require MFA, which means if you lose your devices you’re still stuck.