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by yoyo250 274 days ago
You're right — it's not a true "second factor" in the 2FA sense.

The idea is to bind password derivation to a physical OpenPGP key.

Without the smartcard/YubiKey inserted, the program can't generate the same password, even if someone knows the domain/username/phrase.

So the key isn't used as extra entropy, but as an essential part of the derivation process.