http://www.xrpchat.com/topic/1215-desktop-wallet-an-alternative-to-rippletrade/?do=findComment&comment=10861"The desktop client has all the necessary functions to create wallets (even cold wallets), watch accounts, pay, trade, and manage account flags. There are other potential functions like offline signing that are developed but still require some bug killing. Another important working feature is creating and revoking regular keys. This is awesome because it allows managing an account without using the Master Key, so the later can be kept totally private and offline, and used only in an emergency situation."
