As i spend 80 bucks every paycheck on more and more xcp (buffet style value investing ftw) I keep wishing I could just print a paper wallet of an xcp private key with ease but that doesn't seem to be possible. I have half my xcp on bter and half on my counterwallet and I feel like neither location is safer than the other. There has to be a better way to safeguard this stuff in a way that won't require someone to just figure out my passphrase on counterwallet.
*edit* can someone explain what the "sign" a wallet functionality does? Or how that works?
I would consider Counterwallet to be safer than Bter but if you're looking to hodl, you can create a paper wallet at
https://www.bitaddress.org. If you want better security, you download and run your computer from an Ubuntu live CD and run a saved copy of bitaddress.org on it. Either way, you can print or write down the address and private key pairs that bitaddress.org generates and use those to store your XCP offline (i.e. in cold storage).
When it comes to security, I believe the best advice is to learn in proportion to the amount of value you are storing. As the value increases, you may want to go further in verifying your Ubuntu CD, setting up Armory, building a shielded underground lair, etc.