Post
Topic
Board Electrum
Re: Is the recovery key one factor access to 2FA or multisig?
by
OmegaStarScream
on 30/01/2016, 07:54:24 UTC
2FA works just fine , but if you want to stop using TrustedCoin for one reason or another , or they got hacked or something , then you can use the seed to recover your wallet .

Quote
Note: The “restore” option should be used only if you no longer want to use TrustedCoin, or if there is a problem with the service. Once you have restored your wallet in this way, two of three factors are on your machine, negating the special protection of this type of wallet.

I personally see it good that way , imagine the amount of people that will be damaged if TrustedCoin goes down or get hacked ?