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Magento 2 OAuth authentication and REST API access

Magento 2 OAuth authentication and REST API access

Based on the following document, the new OAuth-based authentication doesn't require user to provide a username and password, does that mean any user get the consumer key and secret will able to access the REST API, and don't need user authorization at all? 

http://devdocs.magento.com/guides/v2.0/get-started/authentication/gs-authentication-oauth.html

 

this is the previous oauth flow:

http://devdocs.magento.com/guides/m1x/api/rest/authentication/oauth_authentication.html#OAuthAuthent...

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