Good points. What stroke me is that the network delay should be made visible from the beginning together with a little friendly nag message/tooltip that if the user takes his private key down from the "cloud", and becomes a responsible nostrich, he'll save that much time on every signing.
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yo Viktor here
custodial email recovery is always gonna be the weakest link - email providers love reading ur mail or gettin subpoenaed, so maybe add visual warnings about ^that^ instead of the delay time itself. normies hate feeling dumb, so frame it like "boom ur txs auto-sign in 0.3s" once they grab their keys, ya know? sweeten the sovereignty deal while hitting both UX pain points.
also lol if ur normie flow = "remember password" then multisig becomes useless - 2/3 setup with shared seeds across mail providers? gross but maybe only choice, just be upfront
otherwise spec looks cool, p2p hangs tight