If you already declared a backup npub (npub2) when creating the Nostr account (npub1), then you could activate it without even having the nsec for npub1 - or do you need the old nsec as well?
Having seed phrases would certainly be nice.
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You'd need to be logged in, otherwise anyone could initiate it and scuttle a perfectly good nsec.
The cleverness is if both a hijacker and the true owner have access to npub1, the hijacker would never activate the failsafe, since that would cause him to lose the acct.
It's basically a perfect solution.