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A press of each round button rotates the typing ball accordingly, pressing the space prints the chosen letter and resets the ball to the neutral state. This whole thing should probably be electric lest you'd have to press the space bar by smashing it with both fists.And, you don't have to worry about what to do in the case that someone hits the "rotate ball" button while it's still rotating.
Eh, it's a pretty trivial problem, comptometers have it figured out more than a hundred years ago.
You could build an interface in 4D around quaternions but that is much more complicated than my suggestion (even including the part where you learn morse code).
The quoted part of my comment is in reference to the core topic of TFA where iOS and Nothing/Android photo apps handle the "pressed again during rotation" action differently. That "rotate the typewriter ball" interface runs against the same problem, by necessity of rotating a physical ball.
The pilot lights are slightly more useful in those stupid cross-wired double switches that for some weird reason implement a sort of XOR (or sometimes XNOR because why not) gate for controlling a single light: if it's on, then the bulb is depowered and you can safely change it without turning off the entire power rail. But then one day the pilot light itself burns out...