Earlier quoted context omitted.
Well, I wasn't joking, but I didn't realize md5 was as vulnerable as Atwood says it is. SHA-2 or Bcrypt.
Sorry, that was overly snarky and that wasn't warranted. Are you talking about how you store your own passwords so that you may retrieve them in order to log into some service, or are you talking about how you store user credentials as part of an application? If you're storing your own passwords, just use a well-rated password locker program, or store them in a TrueCrypt volume or similar. If you're storing your user…
Thanks for the reminder of ticks (`) I was accidentally using single quotes (')