It's a multi-sig device. TBD has one of the keys for you, the device has one, and the app on your phone has the other. I believe... I could be incorrect.
Discussion
That makes sense, so a 2-of-3 would mean you could still lose the device or your phone and recover to a new one.
Yes. I believe that's the plan unless I am not recalling correctly.
oh interesting, so that would be 2 of 3 multisig with you holding 2 keys and TBD holding the 3rd? I guess some people might be okay with that. me personally I don't want any corp holding one of my keys. what if my phone got stolen and TBD for hacked? you never know