We tried pennywize years ago and aside from redirecting the pwd traffic to his own pages and making money off of it, pennywize along with a few other things we tried basically shut our members servers down during brute force attacks.
For 2+ years now we have been running a solution whos name i obviously wont share, but in those two years we have never had a password leak on one paysite.
Trying to stop brute force attacks is stupid, it doesnt work.
A smartie pants just doesnt allow those passwords to work.
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