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SQL Server Encryption Certificate With Or Without Password

GoCubs
GoCubs asked
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Last Modified: 2012-05-11
I run a client-server application and I am setting up a SQL Server 2008 R2 database with encryption. I am wondering if someone can give me the plus and minus of creating a certificate with a password versus creating one where the master key is used.
CREATE CERTIFICATE MY_Cert ENCRYPTION BY PASSWORD = 'MyPassword' WITH SUBJECT = 'MySubject';
versus
CREATE CERTIFICATE MY_Cert ENCRYPTION  WITH SUBJECT = 'MySubject';

What is the consensus up and down side when encrypting and decrypting?
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