> From: Phil Pennock [mailto:lopsa-t...@spodhuis.org]
> 
> I could swear that one of the public password management tools already
> supported deterministic side-specific passwords, 

The thing is - If you just hash & mix your password and send a generated 
site-specific password to the site...  Without a workfactor, it does very 
little to protect your password, but giving them the benefit of the doubt and 
assuming they are using a workfactor...  Yes, that *does* protect your original 
password, but anybody who intercepts your generated password is able to 
impersonate you at that site.

If these site-specific password generators are "doing the right thing" by 
mixing site specific factors with your password and hashing it all with a 
workfactor, then it's only one step further, to feed the generated hash into a 
PRNG and generate a public/private keypair.  Send the public key.  So you can 
prove that you know your password, without exposing your password, and even if 
somebody intercepts it, they still cannot impersonate you.
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