> Only one specific device can ever login
That's entirely service dependent, and the standard doesn't mandate "Service must not allow multiple passkeys"
> It doesn't limit login to one specific device, therefore it does nothing.
It's not nothing. It provides an attestation that you the user are in physical possession of the device, and have passed the challenge to release the key form the TPM (biometrics, pin, something like a yubikey).
Giving your private key to a cloud password vault makes it phishable again (via an attacker getting acsess to your vault, just like with passwords). The private keys are supposed to be non-exportable, and the cloud password managers defeat that as well.
> That's entirely service dependent, and the standard doesn't mandate "Service must not allow multiple passkeys"
In fact WebAuthn is explicit that you should allow multiple tokens. But every time I see an HN thread it has people who insist this doesn't work or at least isn't common. When asked for examples, if they give any answers...
1. Most often these are sites where you can't use this technology at all. They'll have TOTP or something and apparently "I don't know anything about this" == "I know everything there is to know about this topic" in the increasingly LLM-crazy world we inhabit.
2. Usually otherwise it's AWS. Which is pretty annoying, but it's one site. I have like a couple of dozen places where I use WebAuthn and in all of those two (or three, or in a few cases four) tokens are enrolled. I don't have an AWS account, my employer is a Microsoft-only shop in this respect.
>> Only one specific device can ever login
> That's entirely service dependent, and the standard doesn't mandate "Service must not allow multiple passkeys"
Unfortunately, given the laziness, incompetence, and cost-consciousness of organizations like traditional financial institutions, telcos, governments, etc., many of them have & will end up with that implementation.