Blowfish encryption for local passwords

[Thomas M Steenholdt]

Ralf Ertzinger wrote:
> 
> The point was that MD5 is a hash algorithm, while Blowfish is an
> encryption algorithm. Both types are certainly related, but are
> different things.
> 
I realize this - But both are viable options for storing passwords 
securely, and that's what my question is about. So in this context I 
think it's a fair apples to apples comparison :)

/Thomas