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Pretty safe – your password never leaves this form. Instead, Nikita uses a hash of your password that looks something like this: ca4e9c163978541a905dc3dc870ddf4f. (This is obviously different from the hash you may have encountered in college.)
Once you log on successfully, Nikita gives your browser a cookie that identifies you. If someone can sniff your network traffic (on an public wireless network, for instance), they can steal your cookie and impersonate you at NikitaTheSpider.com until you close your browser or log out.