Why would you choose that particular password if you patched the binary? That particular string would stick out in a binary, it certainly looks more like source code.
That's assuming that this particular string was already present somewhere in the binary. Since it is only present as a reference, you would not see the string in a binary patch.
It would have been something that already existed in the string table for the binary, so you would have just been referencing an address and not inserting a string inline.