If anyone has been anxious awaiting "something big" that was it. Armory just got a
huge injection of money, and we're going to start taking Armory -- and Bitcoin -- to the next level
It's a shame I couldn't get the new version of the software out in time, but oh well. I'll have it soon!
To allay any concerns about "selling out", I want to reassure you all that the reason I picked Trace as my investor (I had a lot of investors approach me) is because his vision is very well-aligned with Armory's. He is very insistent that money & revenue is irrelevant for the next 6-12 months. He wants to see Armory get easier to use, multi-sig implemented, Android app, HW wallets, and a server version that can replace bitcoind. He believes that Bitcoin needs these things more than he needs short-term return on this investment. This is very cool, because it means that I can focus on developing cool stuff, instead of figuring out how to make money. Of course, I will eventually have to spend effort on the revenue side, but the top priority for the next 12 months is getting Armory usability expanded for both new users and power users.
Part of it is that Trace and the other investors have a lot of Bitcoin investments, and are really trying to figure out how to get Bitcoin into great adoption/acceptance. Funding Armory to do this development benefits them even if Armory fails as a business (but succeeds as an open-source project). For months, he has been saying that wallet apps are the weakest point of the Bitcoin system, and we need more wallet usability, functionality and security. I'm very excited that Armory will eventually be able to provide all that.
For now, I have a ton of work to do. But you guys can sleep easy knowing that I'm officially on this full-time! Thanks for all your guys' support on this. Armory's reputation doesn't come from nowhere... it takes a userbase to like it enough to talk about it, share it, promote it, etc. So thanks everything for helping me get to this point.
In case you're wondering: the way you guys interact with me and Armory will not really change, I plan to remain very active on the forums, and will probably even continue code development on github. What might change is that I'll have a couple new code wizards joining the team, and will probably be on here answering forum posts and responding to emails. I'm hoping that once these guys are up to speed, we'll really be able to take off. For reference, we currently have two other employees in addition to me, and we'll probably be getting a third. But we're still working out some budget stuff and not sure whether I have time to organize that many brains