Absolutely useless. Remember inputs.io? It had two factor authentication, gpg authentication and a bunch of other security features. but it still got "hacked".
It seems to me that Coinbase and their subsidiaries have been leading the way trying to make mass adoption happen in a smoother transition so I'd have to think they'd have all these things in mind when developing this vault wallet. If they added an insurance guarantee at some point that should solidify this as a great service to the community for grandma and grandpa. Cold storage w/ a guarantee would do wonders for those looking to park their savings out of fiat w/o knowing how to.Agreed. They are a stable company with a good reputation but insurance would be a big help to people that are afraid of anything other than FDIC backed accounts.
