I'm also interested to know.
Believe it or not, I would love to get Nik as a consultant. I fear my 'hubris' (I won't deny it, this idea is extraordinarily ambitious and I have to be arrogant to even conceive of it) will have pissed him off irrevocably.
That aside, I don't really follow his point on the login PW. I understand 8 char alphanum pw is pretty low entropy... but that isn't used for encryption. And the login attempt rate is pretty strictly rate limited.
And yes, I am getting professionals - not me - to do the heavy lifting. I wrote the proof of concept. I am in no way surprised to find it has issues - I am aware of a few others myself.