> The second factor does not have to be a second device. Like everything security, it’s what you’re protecting against.
It doesn't matter if you store your 2FA seed on a billboard or as a tattoo where the sun doesn't shine: 2FA means two factors. The definition doesn't change when your home setup's threat model doesn't call for 2FA and you thus decide to store two secrets in the same place (making a compromise of one necessarily a compromise of the other, thus 1FA)
It doesn't matter if you store your 2FA seed on a billboard or as a tattoo where the sun doesn't shine: 2FA means two factors. The definition doesn't change when your home setup's threat model doesn't call for 2FA and you thus decide to store two secrets in the same place (making a compromise of one necessarily a compromise of the other, thus 1FA)