Traditional dough will not freeze well. You have to par-bake it.
In the US, the “freshly baked” bread sold in most supermarkets is par-baked dough. This is risen dough, which is then baked for 70 to 80% of the usual baking time, cooled, frozen, and shipped to the supermarket, where it is baked again until golden. You could do the same.
A par-baked baugette is a bit denser than a traditional one. Freezing the dough before baking it kills most of the yeast preventing it from working during the first stages of baking.
The reason for doing delayed fermentation in the fridge is that the yeast development is slowed down, while still allowing the enzymes that naturally occur in the flour to do their work (converting starches to sugars, making a more flavorful dough).
The risk of doing it on the counter instead of the fridge is that the enzymes are working AND the yeast is working, which can over-leaven the bread, and they'll eat up the sugars you are trying to create with enzymes. Over-leavened bread isn't ideal, but it isn't the end of the world either. There is a lot to learn about bread baking if you want to really excel at it, but "just bake it, it'll be fine" is always present as you experiment - glad the loaf turned out well!
"No-Knead" bread is a great introduction to "rustic" doughs (very high water content), and to cold fermentation. Cold fermentation is about the best thing you can do for your bread as a home baker, whether or not you are using the no-knead recipe - I cold ferment nearly everything I bake.
If you want to learn more about the process and jump off the deep end, Peter Reinhart's book "The Bread Baker's Apprentice" is a great place to start. It is detailed without being pedantic, simple without being over-simplified, and oriented for the home baker without forgetting the reasons that professionals do things the way they do.
Best Answer
Yes, you can refrigerate bread dough, and in fact you will probably find that it will give you better, tastier results, because the yeast has more time to do its work. Any bread baker worth his salt (flour?) will tell you that a slow, cold rise is better than a fast, warm one.
You should refrigerate the dough immediately after mixing, not after a rise. Depending on the amount of yeast in your recipe, this can be for a few hours or even overnight. Allow the dough to warm up a little before baking.