The immune system isn't usually that self-destructive
Type-1 Diabetes
"Marc Andreessen’s venture capital firm, Andreessen Horowitz, has invested just under $50 million in Bitcoin-related start-ups."
i.e. Even if he doesn't believe a damn word he's saying - he's heavily invested enough to need to make it work.
So - knowing that the app needs to somehow either cache this info in a way it can get it back to login, or have you re-enter the password every time, I'll ask again:
What SHOULD they have done differently.
So, what's the solution? We're NOT talking about a password file that can be stored in a hashed manner - that's receiving and verifying passwords, not sending them. Web browsers don't store cookies/tokens in an encrypted manner - if you got them you could use them elsewhere (assuming they weren't tied to IP address or whatever).
So - (and I'm asking literally, not rhetorically) what should they have done?
I couldn't imagine having to deal with syncing my iPhone to my toothbrush all the time to pull reports. As this type of "smart" technology becomes more and more ubiquitous - we'd start to do this with everyhing. Our bathroom scale. Our electrical meter. Our themostat, our car, whatever. Having everything talk Wifi ("The Internet of Things") is one thing - and even has its own issues - but this clearly is getting out of hand.
When I can get the damn bluetooth speakerphone in my car (or any car) to work reliably - I'll think about it...
You must realize that the computer has it in for you. The irrefutable proof of this is that the computer always does what you tell it to do.