Re: "Microsoft", "cloud", "passwordless authentication"......................
It depends what the password is protecting. If you want to stop people doing certain things from your computer, then yes it is bad. But if you want to ensure that a service can only be used from a particular computer, then it is more secure than a password. Someone could find out my password and I might never know. They are unlikely to be able to use my computer without me knowing.
Tell me what you believe is the more secure situation ... Allowing people to take money from your bank account if they know the password to that account, or allowing people to take money from your bank account if they have a physical credit or debit card associated with that account?