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> your incorrect statements about it, and rather than admit the mistake

Hey man you don't have to be so aggressive. I was asking a question "is it secure?" or "are there any pitfalls?"

If it's not secure then naturally I am curious what can be done about it. I don't need to defend to prove anything.

I am happy to learn that such design is inefficient against #1 scenario, especially if such "account system for Google, Facebook, Steam, etc. Those accounts will have real value" were at stake.



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