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Author Topic: Armory - Discussion Thread  (Read 482159 times)
truckingeek
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April 04, 2013, 05:15:40 AM
 #2001

How long does it normally take to process the blockchain on startup? With my (admittedly rather ancient) Athlon x2-64 laptop, it can take upwards of half an hour every.freakin.time I start Armory to scan through the chain, and during that time my CPU usage is pegged on one core.

Is there any way I can reduce this?  Maybe put the blockchain files on a ramdrive or something fancy like that?  Are there plans to reduce this time somehow, or is this really a bug on my end somewhere?

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etotheipi
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April 04, 2013, 05:20:23 AM
 #2002

How long does it normally take to process the blockchain on startup? With my (admittedly rather ancient) Athlon x2-64 laptop, it can take upwards of half an hour every.freakin.time I start Armory to scan through the chain, and during that time my CPU usage is pegged on one core.

Is there any way I can reduce this?  Maybe put the blockchain files on a ramdrive or something fancy like that?  Are there plans to reduce this time somehow, or is this really a bug on my end somewhere?

Not a bug.  Just an ancient design under the hood, derived when the blockchain was like 300 MB.   Not 6 GB.  Don't worry, though, I'll be working on fixing it in the next couple weeks.  I've just been heavily distracted by other things.  But the time has come to finally do it.

On non-ancient computers, it should take like 3-10 minutes.  Not short, but bearable knowing a fix is coming.  If you are low on RAM, I think it has to start swapping, and load time increases by an order of magnitude. 

Founder and CEO of Armory Technologies, Inc.
Armory Bitcoin Wallet: Bringing cold storage to the average user!
Only use Armory software signed by the Armory Offline Signing Key (0x98832223)

Please donate to the Armory project by clicking here!    (or donate directly via 1QBDLYTDFHHZAABYSKGKPWKLSXZWCCJQBX -- yes, it's a real address!)
truckingeek
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April 04, 2013, 05:57:31 AM
 #2003

That's probably what I'm up against...according to top, most of the cpu time is waiting for io, which tends to indicate swappage.  I've only got 4Gb of ram so if the blockchain is 6Gb....yeah that'll do it.

Thanks for the quick reply, looking forward to the update!

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Ente
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April 04, 2013, 09:42:08 AM
 #2004

Your software is the best and safest by far without any real competition. You are the main expert. When Bitcoin becomes sufficiently mainstream you will be approached for:

1) Creating customizations (either open source or proprietary)
2) Performing other services (such as coaching and setting up the software)
3) You will likely be offered rather lucrative contracts by business wishing to enter this market (the equivalent of a buy out if Armory was proprietary)

Of course I hope you will not take option 3 and will have time to keep working on Armory (out of my own interest) Wink. But if you monetize on this it is truly deserved as this is a magnificent piece of work. Thanks!


+10000000

Thank you for your incredible work, Alan

Thanks so much guys.  I really appreciate the encouragement.  It's awesome to see so many people so excited about my work.  I am working on some ideas to generate some revenue, and I think I can do so without harming the user experience (hopefully enhance it!).  I'll discuss that more later.  Just know that I'm planning to keep Armory 100% free.  Or at least 98% of it -- I might try to develop some kind super-advanced features, or maybe a corporate add-on that could be sold.  But for everyone else, I want there to be no reason not to use Armory.  Instead, find ways to leverage a wide userbase.    And if Armory makes an impact in the Bitcoin world, it will help me out by fattening my offline wallet Smiley  (both in donations and price).



Finally figured out the code signing problem.  Check out this bling!



Now that looks sweet! Congrats! :-)

You do a great job with Armory. A very much needed job too, we desperately need more independent Bitcoinclients!

My random thoughts:

Think about approaching the Bitcoin Foundation. You are a lead core developer yourself, not? ;-)
Seriously, I am sure that the satoshi-client devteam very much appreciates and encourages alternative clients too.
I have no insight in their books, but I guess they have pretty large wallets.. with as many corporate and private members they have.

How about selling an Armory-Offline-Wallet-Hardware?
It could/should be a different approach to the small keychain-hardware wallets currently in the making. Targeted at companies (too). With tight integration in Armory, obviously. Hell, a whole Banking/Accounting/Security/Authorization-Ecosystem for companies might evolve around Armory! The marked right now isn't huge, but you would be the first (and only?) one ready when it's starting.

You see I follow the other thread about secure Armory offline wallets closely ;-)

Ente
kerogre256
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April 04, 2013, 08:40:43 PM
 #2005

I cant change default transaction fee 0.0005(this is reap off when I send 0.01) I try set lower then 0.0005 but armory don't let me do it its bolox....
etotheipi
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April 04, 2013, 08:46:16 PM
 #2006

I cant change default transaction fee 0.0005(this is reap off when I send 0.01) I try set lower then 0.0005 but armory don't let me do it its bolox....

Some transactions must have a fee, and that is determined by the network, not Armory.  Armory simply determines whether the network will require a fee, and then tells you you must include it.  Many transactions, especially those over 1 BTC, can usually be sent for 0.0 fee.

Small transactions, using coins that were recently received, almost always requite a fee of 0.0005.  The network does this to prevent people for sending out millions of tiny transactions for free, or moving coins billions of times between two of their own wallets and clogging the network. 

Founder and CEO of Armory Technologies, Inc.
Armory Bitcoin Wallet: Bringing cold storage to the average user!
Only use Armory software signed by the Armory Offline Signing Key (0x98832223)

Please donate to the Armory project by clicking here!    (or donate directly via 1QBDLYTDFHHZAABYSKGKPWKLSXZWCCJQBX -- yes, it's a real address!)
kerogre256
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April 04, 2013, 08:55:51 PM
 #2007

I cant change default transaction fee 0.0005(this is reap off when I send 0.01) I try set lower then 0.0005 but armory don't let me do it its bolox....

Some transactions must have a fee, and that is determined by the network, not Armory.  Armory simply determines whether the network will require a fee, and then tells you you must include it.  Many transactions, especially those over 1 BTC, can usually be sent for 0.0 fee.

Small transactions, using coins that were recently received, almost always requite a fee of 0.0005.  The network does this to prevent people for sending out millions of tiny transactions for free, or moving coins billions of times between two of their own wallets and clogging the network. 
Thank you for explanation, look like developer will not get donation any time soon, I know 0.01 bitcoin is not a lot but I dont have much more at the moment to send.
chrisrico
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April 04, 2013, 10:36:00 PM
 #2008

Thank you for explanation, look like developer will not get donation any time soon, I know 0.01 bitcoin is not a lot but I dont have much more at the moment to send.

You could send a donation of 0.0095 bitcoin with a 0.0005 bitcoin fee.
etotheipi
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April 05, 2013, 01:54:11 AM
 #2009

I have no idea why I didn't do this before, but I just realized I don't have to wait for official releases to sign my commits.  I can sign intermediate commits with my personal, online GPG key.  I'll still sign full releases with my offline key.

So I just made the first signed commit.  It's the managesatoshi branch, which is currently being used for testing.  Though I just realized maybe I should merge it into the testing branch..>?

Anyways, you can see the signature by importing the public key 0xFB596985 and then doing "git log --show-signature" inside the directory. 

It looks like all my Class2 SSL certificates are free (now that I've paid for the service), so I guess I could do the same on Windows -- keep a lower-security signing key online to use for testing releases...

Founder and CEO of Armory Technologies, Inc.
Armory Bitcoin Wallet: Bringing cold storage to the average user!
Only use Armory software signed by the Armory Offline Signing Key (0x98832223)

Please donate to the Armory project by clicking here!    (or donate directly via 1QBDLYTDFHHZAABYSKGKPWKLSXZWCCJQBX -- yes, it's a real address!)
kerogre256
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April 05, 2013, 02:23:03 PM
 #2010

Thank you for explanation, look like developer will not get donation any time soon, I know 0.01 bitcoin is not a lot but I dont have much more at the moment to send.

You could send a donation of 0.0095 bitcoin with a 0.0005 bitcoin fee.

Hehehe good point, sometime you get in 'tunnel vision mode' and dont see simplest solution :-)
etotheipi
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April 05, 2013, 02:56:10 PM
 #2011

So, is this safer than the regular latest bitcoin client?

I'm not sure what you mean by "safer"?  The regular Bitcoin client is the gold standard for network security and blockchain validation.  Armory uses Bitcoin-Qt/bitcoind in the background so that Armory gets the same benefits.  But it has completely independent wallets, blockchain scanning, and of course, offline wallets (with a pretty interface).

I would argue that it is absolutely better for just about everything -- you get the deterministic, only-backup-once-ever wallets, with a print option, you get multiple wallets, and you have an easy transition to using offline wallets.  I'd like to think that its design takes the best parts of Bitcoin-Qt/bitcoind and adds everything it's lacking. 

I haven't touched bitcoind for about 12 months, except to install it so that I can run Armory.  And soon I'll have that hidden, so the user won't even see that.  But they do still have to download the blockchain.  As far as I'm concerned, that's the price of security.

Founder and CEO of Armory Technologies, Inc.
Armory Bitcoin Wallet: Bringing cold storage to the average user!
Only use Armory software signed by the Armory Offline Signing Key (0x98832223)

Please donate to the Armory project by clicking here!    (or donate directly via 1QBDLYTDFHHZAABYSKGKPWKLSXZWCCJQBX -- yes, it's a real address!)
etotheipi
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April 05, 2013, 04:20:26 PM
 #2012

On short notice, I got a call from a radio station in Ottawa, Canada yesterday who wanted to interview me about Bitcoin.   Only 7 minutes:

http://dl.dropbox.com/u/1139081/BitcoinShare/ae.alan.reiner.13.04.04.mp3

I gotta work on some of my talking points, but I don't think it was too bad.  I just think I made it sound too hard.  "Find an exchange or find someone who has some and will sell or trade for it".  "Anyone with a computer or phone can use it."  Meh, with some more experience I'll get it all ironed out Smiley

Founder and CEO of Armory Technologies, Inc.
Armory Bitcoin Wallet: Bringing cold storage to the average user!
Only use Armory software signed by the Armory Offline Signing Key (0x98832223)

Please donate to the Armory project by clicking here!    (or donate directly via 1QBDLYTDFHHZAABYSKGKPWKLSXZWCCJQBX -- yes, it's a real address!)
wachtwoord
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April 05, 2013, 04:53:25 PM
 #2013

On short notice, I got a call from a radio station in Ottawa, Canada yesterday who wanted to interview me about Bitcoin.   Only 7 minutes:

http://dl.dropbox.com/u/1139081/BitcoinShare/ae.alan.reiner.13.04.04.mp3

I gotta work on some of my talking points, but I don't think it was too bad.  I just think I made it sound too hard.  "Find an exchange or find someone who has some and will sell or trade for it".  "Anyone with a computer or phone can use it."  Meh, with some more experience I'll get it all ironed out Smiley


This deserves to be in press so I added a topic there. (https://bitcointalk.org/index.php?topic=168099.msg1750012#msg1750012)

Did you set up a company for developing Armory?

etotheipi
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April 05, 2013, 04:54:40 PM
 #2014

On short notice, I got a call from a radio station in Ottawa, Canada yesterday who wanted to interview me about Bitcoin.   Only 7 minutes:

http://dl.dropbox.com/u/1139081/BitcoinShare/ae.alan.reiner.13.04.04.mp3

I gotta work on some of my talking points, but I don't think it was too bad.  I just think I made it sound too hard.  "Find an exchange or find someone who has some and will sell or trade for it".  "Anyone with a computer or phone can use it."  Meh, with some more experience I'll get it all ironed out Smiley


This deserves to be in press so I added a topic there. (https://bitcointalk.org/index.php?topic=168099.msg1750012#msg1750012)

Did you set up a company for developing Armory?

I've never mentioned an Armory-based company, I think they were just trying to beef up my "resume" so they had an excuse to call me an expert.  Probably don't need an excuse, but it sounds better Smiley

Founder and CEO of Armory Technologies, Inc.
Armory Bitcoin Wallet: Bringing cold storage to the average user!
Only use Armory software signed by the Armory Offline Signing Key (0x98832223)

Please donate to the Armory project by clicking here!    (or donate directly via 1QBDLYTDFHHZAABYSKGKPWKLSXZWCCJQBX -- yes, it's a real address!)
wachtwoord
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April 05, 2013, 04:59:47 PM
 #2015

On short notice, I got a call from a radio station in Ottawa, Canada yesterday who wanted to interview me about Bitcoin.   Only 7 minutes:

http://dl.dropbox.com/u/1139081/BitcoinShare/ae.alan.reiner.13.04.04.mp3

I gotta work on some of my talking points, but I don't think it was too bad.  I just think I made it sound too hard.  "Find an exchange or find someone who has some and will sell or trade for it".  "Anyone with a computer or phone can use it."  Meh, with some more experience I'll get it all ironed out Smiley


This deserves to be in press so I added a topic there. (https://bitcointalk.org/index.php?topic=168099.msg1750012#msg1750012)

Did you set up a company for developing Armory?

I've never mentioned an Armory-based company, I think they were just trying to beef up my "resume" so they had an excuse to call me an expert.  Probably don't need an excuse, but it sounds better Smiley

Haha, nice interview anyway, good job Smiley

Did I miss it or did you completely step over the fact what your 'role'/'contribution' is wrt Bitcoin? (aka, the real proof you are an expert). Did you leave out Armory on purpose? 

etotheipi
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April 05, 2013, 05:03:43 PM
 #2016

Haha, nice interview anyway, good job Smiley

Did I miss it or did you completely step over the fact what your 'role'/'contribution' is wrt Bitcoin? (aka, the real proof you are an expert). Did you leave out Armory on purpose?  

They literally called me and said "Hey we're from this radio station and want to interview you?  How bout in 10 minutes?"  I didn't realize it was only going to be a five-minute interview, so I didn't have time to talk about myself.   I would have if he asked anything about security, but the topic never came up.  

Personally, I'm fine with the way it went.  I'd rather try to spread good information about Bitcoin and get people interested in Bitcoin in general, than promote some application for that "Bitcoin thing" that they don't understand.  "It's the most secure way to use this thing that you don't care about!  Go try it out!"  Smiley


Founder and CEO of Armory Technologies, Inc.
Armory Bitcoin Wallet: Bringing cold storage to the average user!
Only use Armory software signed by the Armory Offline Signing Key (0x98832223)

Please donate to the Armory project by clicking here!    (or donate directly via 1QBDLYTDFHHZAABYSKGKPWKLSXZWCCJQBX -- yes, it's a real address!)
wachtwoord
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April 05, 2013, 05:10:59 PM
 #2017

Haha, nice interview anyway, good job Smiley

Did I miss it or did you completely step over the fact what your 'role'/'contribution' is wrt Bitcoin? (aka, the real proof you are an expert). Did you leave out Armory on purpose?  

They literally called me and said "Hey we're from this radio station and want to interview you?  How bout in 10 minutes?"  I didn't realize it was only going to be a five-minute interview, so I didn't have time to talk about myself.   I would have if he asked anything about security, but the topic never came up.  

Personally, I'm fine with the way it went.  I'd rather try to spread good information about Bitcoin and get people interested in Bitcoin in general, than promote some application for that "Bitcoin thing" that they don't understand.  "It's the most secure way to use this thing that you don't care about!  Go try it out!"  Smiley



Wow nice preparation on their part  Cheesy

I'm more impressed now that it's an ad-hoc interview. Much easier to do such things when given time to prepare. I also wholeheartedly agree talking about Bitcoin to people not knowing about Bitcoin is smarter, I just expected a segue to what you do followed by a one/two sentence explanation. May be just call it a security software package for managing your Bitcoins?

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April 05, 2013, 05:12:19 PM
 #2018

On short notice, I got a call from a radio station in Ottawa, Canada yesterday who wanted to interview me about Bitcoin.   Only 7 minutes:

http://dl.dropbox.com/u/1139081/BitcoinShare/ae.alan.reiner.13.04.04.mp3

I gotta work on some of my talking points, but I don't think it was too bad.  I just think I made it sound too hard.  "Find an exchange or find someone who has some and will sell or trade for it".  "Anyone with a computer or phone can use it."  Meh, with some more experience I'll get it all ironed out Smiley


Nice, for the 7 mins it was a good interview.

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13Charlie
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April 05, 2013, 06:09:25 PM
 #2019

Well done Alan

Not ignoring anyone. . . . . Yet
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Ente
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April 05, 2013, 10:10:40 PM
 #2020

Sorry, didn'r follow up on the last few pages.
I just noticed:
I have an encrypted wallet. I want to add a comment to an address or transaction, I doubleclick it and type away. The comment isn't saved, though. I am not asked to enter my passphrase neither. And I don't see a manual way to unlock the wallet (without creating a tx).
Armory 0.87-beta

Ente

Found it, more-or-less coincidently.
I can -of course- edit and create comments, even in encrypted wallets. No password needed.
Here, it failed (silently) when adding those weird german umlaute, like ä ö and ü ;-)

Cheers!

Ente
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