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Re:TrueCrypt Security Assessment [pdf] by stouset on Monday April 14, 2014 @11:59AM (#7586926)
From the same paper:

> By using a key derivation function which requires 2s cryptographic operations to compute, the cost of performing a brute-force attack against passwords with t bits of entropy is raised from 2t to 2s+t operations [19].

1,000 iterations is just shy of 2^10.

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