A bit of a tangent, but even if hashing was hypothetically equivalent to encryption, wouldn't it still be good practice for organizations to encourage users to change their passwords after a data breach?
A good hashing algorithm today could be useless down the road if computation becomes orders of magnitudes faster, or RSA becomes trivial to reverse, etc. Similar to how MD5 was initially designed as a cryptographic hash function, but isn't considered one today.
I think the idea "Well my password was encrypted, so why should I have to change it?" seems a bit silly.
A good hashing algorithm today could be useless down the road if computation becomes orders of magnitudes faster, or RSA becomes trivial to reverse, etc. Similar to how MD5 was initially designed as a cryptographic hash function, but isn't considered one today.
I think the idea "Well my password was encrypted, so why should I have to change it?" seems a bit silly.