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Sanity check: Yubikeys and password shares
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If you're just storing the password on the key then, no you can't get it unless you have the key. The main usage (arguably) for a yubikey is the FIDO2 auth method where you add those keys as MFA methods. That would allow access using either key.
Thanks, that's kind of what I was thinking.
Sounds like a YK5 might still be a viable use case, but I'd have to do a deeper analysis of what account 2FA secrets would need to be shared versus which can be relegated onto individual keys and safely lose that "always accessible anywhere" trait.
I think of that like putting multiple things in the same basket, but putting two locks on that basket.