It's still supposed to be the case that the private key is protected by being secret in addition to being encrypted. This removes one layer of security. Not t

It's still supposed to be the case that the private key is protected by being secret in addition to being encrypted. This removes one layer of security. Not that I think it's really a big deal in most real-world cases, but distributing your encrypted private key is violating the contract, so you don't get the same security guarantees.