Little risky with one passphrase brute force being able to rug your entire identity, but yes, this definitely does work, idk why most clients don't implement nip-49 at all
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People were very accustomed to the now defunct nsecDOTapp encrypted nsec/signer website. This is just a way to make that same custodial encryped nsec recovery service more accessible for everyone over blossom but this time with 2FA and no signing server.
I’ve always used nip-49 as a starting place, even made this offline tool a while back for decrypting nip-49 on device, in the browser, fully off-line.
NIP-49 — Offline Decrypt (Self-contained)