A great Cydia app “Safari Addon Plugin” makes it simple for you to get PasteBud bookmark (i.e. copy and paste from safari); thus eliminating the long installation procedure. You would need a jailbroken iPhone to get this feature working. It seems that the rewards of jailbreaking your Apple device is really high and hackers are doing a lot of things that Apple might add as a default feature sometime in the future. Our concern on security of jailbroken iPhones remain though.
The package adds a lot of new features in safari through your bookmarks like: Pastebud, Tabulate: To open pages in new tabes, Find in page: To search a word on a webpage; See all images: to see only the images on the selected website (page).
PasteBud works for on both iPhone v2.0 and 1.0
Search for “Safari Addon Plugin” in Cydia
Cydia is an Installer alternative, that Installs on Jailbroken iPhone 2.x… Info here