Sigmajin, based on this comment and your last, I'm not sure you 100% understand the situation.
- Regarding your first comment, I'm confused because if you can recover the private key you don't need the password. Also, you are correct in assuming 16 chars can't be brute-forced attacked but it can be dictionary attacked. If it was feasible to brute-force everyone would be screwed.
- I didn't take these users money. I re-assigned control of these user's accounts to Steemit which has a mechanism allowing them to establish new (hopefully better) credentials.
- I'm curious what you would have regarded as more ethical in this instance? Would doing nothing and watching these users get robbed be as ethical as merely burdening them with the inconvience of being forced to pick a password that can't be trivially guessed?
OK, i was a little pissy bittrex is fucking with my money.
anyway
1 yeah, i get that the private key obviates the need for the password here... my concern at the time was that after the users got their accounts back, the hacker could take the key, work their way backward to the users password, then use that password to attack other accounts.
2 SO what happens if the value of their assets decreases by 50% while theyre messing around with password recovery?
3 You could have proved your point by contacting tptb with the password list. Or upvoting this post.. or running some kind of script to make them all post horse pornography every few hours until they changed their password.
I know if it happened to me, id be pissed (even though i dont keep a ton of money here)... i guess im not behind it but i realize it was well intentioned.