This is not true. There are several recovery options offered by NearlyFreeSpeech. They are defined in great detail on their website. They offer two factor (TOTP) as well:
"Our membership recovery procedure comes into play when you lose your password and access to your email at the same time, or if you have 2-factor authentication configured and lose the second factor. To regain access, you will need to contact us and perform a certain number of verification actions."
Possible verification actions:
* You provide a scanned copy of a government-issued photo ID.
* You provide a scanned copy of a statement showing both the most recent deposit and a name and address matching one of your accounts.
* You complete SMS verification. (SMS must be previously configured.)
* You complete 2-factor verification. (2-factor auth must be previously configured.)
* You correctly answer your security question. (Security question and answer must be previously configured, below.)
* You use an ssh key to create a file with a specific name on one of your sites hosted here. (Must be previously configured, won’t work if account is empty.)
* We try and fail to contact you via your currently configured email address. (This one may take a long time.)
Recovery Thresholds:
* Scorched Earth. If you lose access to your membership, you won’t be able to recover it. But neither will anyone else. (This is not a joke. If you set this option and lose access to your membership, it and everything on it will be inaccessible until it expires.)
* All possible actions. Excessive security. Just because you’re paranoid doesn’t mean they aren’t after you.
* Five actions. Very high security. Regaining access will be a huge pain for you, and rounds-to-impossible for anyone else.
* Four actions. High security. Provides enhanced protection but if you need to recover access to your membership, it’s probably going to be pretty inconvenient.
* Three actions. Default security. Provides good protection without making membership recovery too miserable.
* Two actions. Reduced security. We really don’t recommend this, but if you’re really forgetful and really sure nobody would ever target your membership, this option exists.
* One action. No security. All it takes is an email bounce and your membership goes to the first person to ask for it. (This is a joke. Don’t pick this.)
Confirmation:
* I understand the recovery setting I'm picking, and I am solely responsible for the consequences.