I am using the basic-auth twitter API (no longer available) to integrate twitter with my blog\'s commenting system. The problem with this and many other web APIs out there
TO OLI
In your approch for example i'm in the same subnet with same router, so i get the same ip as my collegues in my work. I open same url in browser, so server generates the timestamp with same ip, then i use tcp/ip dump to sniff the hashed or non hashed password from my collegues connection. I can sniff everything he sends. So i have all hashes from his form also you have timestamp(my) and same ip. So i send everything using post tool and hey i'm loggen in.