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Since people are getting their computers compromised, any two-factor authentication that does not involve a separate device is essentially moot.
Yubikey is an entirely seperate, physical device.. what are you talking about..?
But it can't verify the contents of an actual trade. Making it separate is useless if you're 'authorizing' a fake trade on a phishing site.
I have no idea what a Yubikey is, however people without phones have suggested a number of alternatives, and all of the suggestions which I have read have in some way involved using their PC for two-factor authorization. Hence why I said it doesn't work.
The fact that Steam has made their own proprietary 2FA and not allowed any standard system just shows that they are remarkably short-sighted. I have ~8 2FA account already and hope to add as many as at all possible - I would really rather have them all in one place and that is of course not going to be the Steam app.
Why are they trying to bully me in to using their sub-par system instead of having all my keys in the same place? Even ignoring the advantages to having my keys all in the same place, their offering is just worse than what I'm using already. For example the Steam app has no way of auto-typing the one-time-code on my desktop from my phone. The FIDO U2F standard is freely available, open source, tested by millions, and takes 5 minutes to set up for your software. Not even providing it as an alternative has to be done with intent. What they get from it I don't know. More downloads for their app I suppose.
http://steamcommunity.com/discussions/forum/10/