Sort of. You have to generate a seed(like a private key) and use that to log in. The seed has to be random. Some used a dice, others /dev/random.

I fully expect a wave of stolen IOTA to come from people who typed a 'random' code.

I'm tempted to write a cracker for shitty seeds people come up with, but given what I've heard of the design of IOTA, I'm afraid of getting brain damage trying to understand and reimplement their algorithms.

I've thought about this too but determined that it's too black hat for me.

Also look at it yourself, don't listen to others. Everyone is trying to do price manipulation on anything remotely related to crypto.

I thought the white paper and code were really interesting and thought-provoking fwiw, regardless of the viability of the project itself.

No they used a online seed generator..