Awesome work Xeroc! I've been waiting for a "cold" wallet type backup for STEEM.  
Just Fyi for others who aren't familiar with Xeroc...
 he's been a LONG LONG time member with BitShares and STEEM.  
Though most people here are newer and not familiar, he's someone who prides himself more for his continued reputation, more than anything else.  He's a very selfless man and has no reason to write bogus code to comprise your account(s).  
Just wanted to add my 2 Steem to help comfort to those who may think this to be some form of a password phishing scheme!

xeroc you sexy beast. this is what we really need (and a desktop wallet)

Thank you , very helpful post :)

nice. been looking for an article like this.

Thank you for this steem paper wallet.  :)

Such win. Very wow.

Thank you for paper wallet. I personal love them pass them out like a business card.

very helpful thanks!

This procedure will enhance the protection?

Excellent @xeroc! This is outstanding work.

Thanks xerox, this will be handy.

Thanks We'll check the white paper too.

This was really helpful, but I acted too hastily.  I had just discovered Steem and was excited to get started.  I used this to create some new keys, but I used a generic username that is unavailable on steemit.  I then transferred a bit of Steem to the newly-generated Active public key.  I now realize that I don't know how to recover that Steem.  How can I transfer it out of "cold storage"?

From the heart of the entire Steemit community I want to say Thank You. You will prevent a lot of bad stuff that is likely to happen to lots of us. Besides I really appreciate detailed recommendations that you've outlined here. It makes total sense.

But how can I send money from cold wallet?

Thanks for this post Xeroc! Hey, I was sent your way in relation to a question I had when I came to realize a bunch of the pictures I had posted on my blogs had disappeared. Do you happen to know where they went, why they are gone in the first place or whether or not they will show up again later on??? I first thought that I might have been hacked by someone who would have taken them out of my blog to use them somewhere else thus leaving my blog devoid of many of its content. Anyway, I hope you'll have time to help me out with this at one point or another, @indominion has referred you to me in that matter.  Namaste   :)

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nice work @xeroc

Someone else mentioned that it's technically not cold storage.  My question then is can I make up a username that is very specific and original as well as a password and send a bunch of coins to that address?  Then obviously never actually register it until want to "cash out".

Great, thanks for the paper wallet.