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"Essentially all this does it check the password (well, with extra meaningless false positives) without you having to press return."

You're absolutely right. That's a far clearer explanation of what's happening here. A standard login form is rate limited to protect from brute force attempts, when calling a url for each character entered, this is problematic. I think the value in his approach is that it makes it significantly harder to brute force the password.



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