For example, if your web browser or password manager is syncing your passwords to your mobile phone, and that's the same phone the SMS codes or TOTP app runs on, is this completely circumventing the whole concept of "two factors"?
Asking for a friend, because I'm sure no HN readers would be dumb enough to do this...
(also, The Register covered this same story yesterday, here's my dupe submission: https://news.ycombinator.com/item?id=12157529)