Bitcoin Forum

Bitcoin => Armory => Topic started by: pf on October 29, 2015, 07:24:25 PM


Title: Now that Armory may possibly be on its deathbed, any good alternatives?
Post by: pf on October 29, 2015, 07:24:25 PM
The most important features for me:

  • Airgapped transactions. Private key is only on offline computer.
  • Deterministic wallet. Only one backup, no matter how many addresses you create.
  • Ability to bring in my own entropy from a dice and deck of cards (which you can do perfectly well in Armory even though it's not explicitly shown in the UI, as explained in one of my tutorials).
  • Encrypted wallet file for backing up to online computer, such that it can be customized to use lots of memory (scrypt) before using a decryption passphrase. Crucial protection against brute-force attacks.

Do any alternatives other than Armory provide these things?

(For me, the full node is not as crucial. SPV would be fine IMO, if not better.)

Title: Re: Now that Armory may possibly be on its deathbed, any good alternatives?
Post by: achow101 on October 29, 2015, 07:51:45 PM
Electrum is able to do airgapped transactions, deterministic wallets, and encrypted wallet files. I'm not sure whether you can bring in your own entropy (and I don't totally understand how it works in your armory tutorial anyways). I'm not sure if the encrypted wallet can be customized.

Goatpig says that if the open source version is dropped, he will personally pick it up and be the open source maintainer of the project.

Title: Re: Now that Armory may possibly be on its deathbed, any good alternatives?
Post by: BitcoinNewsMagazine on October 29, 2015, 08:10:53 PM
Quote from: pf on October 29, 2015, 07:24:25 PM
The most important features for me:

  • Airgapped transactions. Private key is only on offline computer.
  • Deterministic wallet. Only one backup, no matter how many addresses you create.
  • Ability to bring in my own entropy from a dice and deck of cards (which you can do perfectly well in Armory even though it's not explicitly shown in the UI, as explained in one of my tutorials).
  • Encrypted wallet file for backing up to online computer, such that it can be customized to use lots of memory (scrypt) before using a decryption passphrase. Crucial protection against brute-force attacks.

Do any alternatives other than Armory provide these things?

(For me, the full node is not as crucial. SPV would be fine IMO, if not better.)

According to this (https://www.reddit.com/r/TREZOR/comments/3g6xay/just_got_a_trezor_can_i_generate_my_own_bip32/) reddit post you can bring your own entropy in to Trezor. I would prefer to trust the developers know what they are doing though.

Title: Re: Now that Armory may possibly be on its deathbed, any good alternatives?
Post by: oddman55 on October 30, 2015, 05:51:04 PM
Can you elaborate on why Armory might be on it's deathbed?  I am new to Bitcoin, and this wallet is the one I chose, based on reviews.

Title: Re: Now that Armory may possibly be on its deathbed, any good alternatives?
Post by: achow101 on October 30, 2015, 06:17:46 PM
Quote from: oddman55 on October 30, 2015, 05:51:04 PM
Can you elaborate on why Armory might be on it's deathbed?  I am new to Bitcoin, and this wallet is the one I chose, based on reviews.

They have temporarily stopped releasing open source versions as they work on their commercial products.

Title: Re: Now that Armory may possibly be on its deathbed, any good alternatives?
Post by: picobit on October 30, 2015, 06:44:45 PM
Quote from: pf on October 29, 2015, 07:24:25 PM
The most important features for me:

  • Airgapped transactions. Private key is only on offline computer.
  • Deterministic wallet. Only one backup, no matter how many addresses you create.
  • Ability to bring in my own entropy from a dice and deck of cards (which you can do perfectly well in Armory even though it's not explicitly shown in the UI, as explained in one of my tutorials).
  • Encrypted wallet file for backing up to online computer, such that it can be customized to use lots of memory (scrypt) before using a decryption passphrase. Crucial protection against brute-force attacks.

For me, the first two points are a must.  In addition n-of-m PAPER backups (shamir secret sharing or similar) is important.

Bring my own entropy is nice to have, but any system that allows paper backups can be tricked to accept your own entropy.


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