Yeah, that's what I was trying to say with "coordinate with Bitkey to transfer funds (via the mobile app key and the Bitkey servers key) to an entirely new 2-of-3 keyset"

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Yeah but it looks like the cloud key is not encrypted then with the bitkey. So in the end it's a setup with 2 hotkeys on someone else's computer. This make the hardware device itself more like a gimmick imo that leads to false sense of security. Would anyone here feel secure having their life savings in such a setup? 🤔