My idea was to not require any explanations, so that blackhat could grab that wallet too. It's just about being able to say "this server is $1k secure". I think it's fantastic that we have a technology to do that.

You still need some trust that private keys to given wallet are on the server, but apart from that, when you know there's $10,000 dollars on the server for anybody who can access it, it says something about how secure this machine is.

Plus you get instant notification when the server is compromised. Not every hacker is kind enough to let you know.