I would say SRP is strictly a misnomer (though it's a useful conflation). Generally speaking password is a value provided for authentication (if it's no longer being "provided", as in SRP, it's something different... but I understand using a familiar word for that something different is helpful when communicating).
Either way, in saying TOTP was "just a password", the point you were trying to make was that TOTP is "no different than and therefore no better than a 2nd traditional password". The fact it's not transmitted makes it very different to, and better than, a traditional password. So whatever you want to define the definition as, the point stands.
> and no properties that passwords don't have
It has 1 property that passwords don't have: it is not transmitted!
TOTP is a password. The fact that it is a password doesn't matter though since it is something you have (and can't know) which augments the something you know. This satisfies the intent of MFA.
It kills me that most enterprise environments use Kerberos via Active Directory, LDAP, or NIS. So, your workstation probably has Kerberos tickets sitting on it, which would allow very light weight 2-way authentication and encryption of internal flows.
TLS client certificates and TLS-everywhere would be another good option, but it's particularly frustrating that the Kerberos TGTs are already on the client machines. The key management part is already solved in the Kerberos case.
Kerberos is even potentially resistant to quantum cracking. (Grover's quantum search algorithm effectively halves the key size of ideal symmetric ciphers, so you'd want 256-bit keys.) Forward secrecy is an issue, but there are proposals to incorporate DH key exchange in the pre-auth to give imperfect forward secrecy. A post-quantum key agreement protocol, like RLWE would be fairly strait forward to incorporate, with standardization being the main hurdle.
Part of the problem is that it's "enterprise" tech, which means all sorts of "enterprise" middleware claims to support it with some half-assed concoction that worked on the presales demo environment once, back in 2001, and nobody else has touched since. And it's also old and pretty obscure, with documentation lost to the fog of time, and very few people who remember how it was supposed to work - a bit like MS DCOM...
Slight detail that’s of course completely irrelevant.
You realize that, out of the many comments I've made in this tree, the one you responded to was the one that said
> Are you familiar with SRP?
There are more ways of compromising someone's information than capturing it in transit. If you give me your phone, I can read your TOTP seeds straight out of Google Authenticator.
The "Password" named in "Time-based One Time Password" is the temporary generated value you transmit. It's not what's stored on the TOTP device, so in the context of this discussion, that temp value isn't what the gp was referring to.
Careful; "one-time password" is in the name, and it certainly isn't that. Your TOTP seed stays valid forever.
Are you familiar with SRP?
TOTP has all of the properties of passwords, and no properties that passwords don't have. That makes it... a password.