Proof of concept
- Visit /wp-admin/user-new.php (on a multisite installation – I haven’t tested on single site)
- Fill out the “Add New User” form but do not check the “Skip Confirmation Email” checkbox
- The user will be sent an email containing a link to /wp-activate.php?key=7259c714857ef009
This key is stored in the database unencrypted and without a timestamp:
mysql> select activation_key from wp_signups where signup_id=4; +------------------+ | activation_key | +------------------+ | 7259c714857ef009 | +------------------+ 1 row in set (0.00 sec)