Im looking to create a vanity address and then give it to someone else.
is there anyway to add an additional password to access the address? any way to automatically have incoming funds transfer to another address?
or the fact that i know the private key means that address is compromised forever?
I have done this for a few people. I just tell them, the two things you have to worry about are trusting me and your e-mail account that I sent it on.
Usually it is just a small amount so they are not too worried.
Just tell them if they want a truly secure address that you can help them do it later once they are more comfortable with how things work.