I really want to use JWT for API access, to keep it stateless. But at the same time I need to have strong security recourse to deny tokens that are yet to expire.
For more sensitive user information APIs I can rely on forcing a fresh login, comparing the IP address, etc. But I still want to be able to revoke a users token if needed. I don't mind paying the overhead price.
What I imagined would be to have each user create their own secret key based on their password, and store it in the session. I don't mind trading the overhead for an easier way to deal with stolen tokens. This way a simple password reset should invalidate old tokens.
Acknowledging the trade off, does this method make sense? Are there better ways to go about this?