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Hmmm... giving a strange site your password doesn't sound like such a great idea. It can read all kinds of details about your computer, drop cookies and could even have malware. The collection of passwords they collect could then be easily sorted into a most-common password list, or the passwords could then be stolen. If they had links to other sites that offered any kind of sign up, they could correlate your password / cookie / ip address with the links you clicked and then make a fairly good bet that you used the same or similar password.
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