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A comment on LivingSocial Hacked – 50 Million Customers Affected. Parent comment

Re:LivingSocial Hacked – 50 Million Customers Affected by babuskov on Friday April 26, 2013 @08:00PM (#5616202)
Maybe because encryption using public key is much more CPU intensive and slower than hashing? Since you have users logging into the system all the time, you would need to encrypt the typed password in order to compare it with the record in the database, and this could put a great load on the server CPU if you have many users logging in.
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Re:LivingSocial Hacked – 50 Million Customers Affected by Evbn on Sunday April 28, 2013 @11:42PM (#5623952)
That is the goal. Slower hashing is harder to crack, is more secure.

Login load is nothing compared to the rest of the app.

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