security is about defense in depth, and doing as much as is feasible to mitigate damage. Proper password hashing wont protect you from a break in on a primary system, but it could very easily prevent a break in on secondary ones.
Also, a note to anyone reading the above post, that is not how bcrypt works and is incredibly insecure.
What is not how bcrypt works? The example that I gave? That comes from the 'crypt' man page explaining how to use blowfish encryption patched into libcrypt?
Also, a note to anyone reading the above post, that is not how bcrypt works and is incredibly insecure.