Private User Data should not be changed by many things. That is "PRIVATE" and therefore should be under tighter control than the rest of your data.
Don't try to outsmart the likes of cpercival and tptacek by inventing your own goofy hashing scheme. Just use bcrypt or scrypt as they suggest, the reasons for which they have explained repeatedly on this site for years.
My "Goofy" scheme is based on the practices which Microsoft, LinkedIn, and FaceBook all use. You know which of those use Bcrypt? Zero.
Maybe you shouldn't blindly follow things people say.
[citation needed]
>My "Goofy" scheme is based on the practices which Microsoft, LinkedIn, and FaceBook all use.
I don't want to be sarcastic here, but you're seriously going to cite LinkedIn? Really?
And your excuse is "people who disagree with me in an unrelated argument cite LinkedIn, so I'm doing it too"?
Source? The typical benchmark is 8ms for a generation of a bcrypt hash on a modern machine.
> My "Goofy" scheme is based on the practices which Microsoft, LinkedIn, and FaceBook all use. You know which of those use Bcrypt? Zero.
Again, source? PBKDF2 and scrypt would be acceptable alternatives and both can take just as much time to compute as bcrypt (or more!) depending on how many rounds are set.
The rest of your advice in these comments (esp. your salt 'mechanism') is wildly off-base and in many cases, actively promotes worse security without any evidence to back up your claims.
The gold standard if you are worried about DoS and need security vs. stolen db right now is to encapsulate everything inside an HSM and have a symmetric algorithm. Unfortunately HSMs today are shit -- $30k, slow, a hassle, etc. I'm testing some cheap stuff to do this cheaply and sanely (USB connected, etc.).
If you can scale out your frontends, use bcrypt/scrypt/pbkdf2 with a reasonable work factor.
Thankfully, rate-limiting login/registration forms is pretty straightforward (although the metric choice, not so much) and is good practice. If you can HTTP 429 them before they can actually submit a password to your service you're mitigating a large part of the problem.
These two statements contradict each other.