The year is 2013. Sites are getting owned left and right. Password databases are leaked for the lulz. You look at the hashed passwords in your database and hope your site's not gonna be next.
As with most other problems on the web, the answer, it turns out, is JavaScript. As a wise man once said: "When in doubt, always bet on JavaScript."
Mozilla is working on a new cross-browser login system for the web that's built entirely in JavaScript. Powered by node.js on the backend, it pushes most of the crypto to the browser in order to create a secure and privacy-respecting experience.
All you need to get started is an email address and a handful of JavaScript. No passwords to hash, no confirmation emails to send, nothing to install. Welcome to the future.