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No, you did not miss anything...
I think you're confused. The whole point of the keychain is that you can recover the plaintext passwords from the crypt passwords with the proper challenge phrase (which is not the same as the plaintext password itself). A hashing algorithm is one way, and is only useful for seeing if the hashed password is equal to the plaintext password, it will in not work in a scenario when you have a challenge phrase that differs from the password you are trying to decrypt. What good is a keychain if you have to know all the passwords anyways? |
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