Just realized reading the following, that there is no seed phrase backup, is that right?

“- Email is required during setup to facilitate recovery if mobile phone / hardware device is lost”

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AFAIK, that was jacks entire thesis with the bitkey. Get rid of all the seed phrase liability nonsense, provide an alternative solution using multisig and a trusted third party to facilitate that redundancy.

Correct on both accounts and, having tested the setup, the UX is far superior than trying to explain, setup and test seed phrases.