is Tiny Isp software or hardware?
It is software, it is a a sketch, just like the normal ArduinoISP you have in your example menu in the Arduino IDE
If you want to program an ATtiny you need a programmer.
It can be a Arduino with the ArduinoISP, or TinyISp
or any other programmer like USBAsp, Pololu programmer and so on
If you want the debug output in your Serial monitor, you can use a USB/Serial converter, and you can use your Arduino as such.
If you want both of the above (like you are used to from Arduino), you can use Arduino (hardware) with the TinyISP sketch (software) loaded, and the KnockBang sketch (software) on yor Attiny.
You connect it like thishttp://www.ernstc.dk/arduino/attiny85.html