This paper is reasonable, but what if I just make a limit of invalid
logins? Say, one can only try 5 wrong passwords for a certain login
within an hour. If he fails to enter the correct password for five
times, block login for an hour. That way, the speed of hashing won't
matter, an attacker will have to wait.
If he continues to enter wrong password for like 5 hours, he can be
blocked for a day, and so on.
Won't this help here?

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