My biggest question about Bitkey (bought 2 when it was on flash sale for $25 dollars but haven’t used it yet)…The materials suggest that your keys can be recovered in a catastrophic event where you lose your phone and your HW device via trusted contacts. I take that to mean, assuming to set up trusted social contacts, that the trust social contact will have a copy your mobile key (which I understand will only have certain permissions) on their iCloud. And so then in hard loss event your trusted contact helps your recover your mobile key and then you initiate the HW replacement flow and use your mobile key and the Bitkey server key to transfer your funds to the new HW wallet key. Is this the correct understanding?
Login to reply
Replies (1)
That's roughly right but the trusted contact has a key to decrypt the mobile key. They don't have direct access to the mobile key. See more details here 

Bitkey: Self-custody bitcoin wallet
Sharing our Recovery Design
To help people take control of the keys to their bitcoin, we’re focused on making it easy to recover control when they lose parts of their wallet...