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About MalluJohn

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  1. Awesome! Exactly what I was looking for. I would rather wait during the 6 month window to see how things turn out and keep my zerps safe in the wallet! Its been sitting cold for three years in that wallet! ha ha..
  2. I already have all my XRPs in a paper wallet and I dont hold any other crypto. Is having an ETH wallet absolutely necessary for us to get this airdrops? If so, can one create an ETH wallet without owning any ETH? Sorry for the dumb question, perhaps.
  3. Hello All, Been a long holder of XRP (more than 3 years now. Got in at around $1 and saw the ATH coming and going). My XRPs are in a paper wallet. Would it be possible to avail this air drop without transferring those into an exchange or hot wallet? I have not been keeping up with the developments off late. If I have to do this now, what do you suggest is the best way. Which is the best app based wallet to which I can transfer all my XRP and avail this free sparks? Any step by step guide? Thanks.
  4. 1- “Ripple should yearly set a minimum price (at least 20 % higher than the market price)” This assumes it is a seller’s market and potential buyers are queuing up to buy at a price higher than market price. Very different from reality, I think! 2- “Set a maximum amount of XRP that can be sold to one specific buyer” I think Ripple, at the moment, will be selling XRP to anyone interested in buying it. Let alone dictating any Tiers or queues for purchase. The more people/firms are voluntarily willing to purchase XRP for whatever purposes, prices automatically goes up (provided Ripple doesn’
  5. Imagine a hypothetical scenario. Ripple sells XRP every once in a while to invest in wherever and whatever they want and thus grow the company Ripple. Good for people who got equity stakes in Ripple, the company. Now, because they do this, it is in their interest to keep the price of XRP as high as possible. For this, they "create" positive vibes around XRP adoption, use-case, utility blah blah so that people like us continue to hold and perhaps even buy more. Their reserve XRP is practically never ending anyways and we forever dream of XRP mooning. I know this is too pessimistic. But, can thi
  6. Thank you. Is there some step by step guide somewhere about doing it fully in the offline mode?
  7. I know how to create a paper wallet with just the wallet address starting with “r” and secret key (family seed) starting with “s” from an offline computer using the “ripple-wallet-cli” from https://www.npmjs.com/package/ripple-wallet-cli . My question is, if I have to send a portion of the XRP to an exchange or some other wallet addresses, how can I do this without exposing the secret keys? The moment you have to key in this secret keys for signing the transaction you lost the very purpose of having a cold paper wallet! Can someone help? I couldn't find a satisfactory guide/answer after search
  8. Both NIFM and IIT Delhi are premier central government institutions. The fact they have singled out Ripple (company) against international payment TRANSFORMATION (I like how they used this word there) is certainly a good sign. This is quite in line with the Minister of Finance' stand the other day that they want to look into use of technology in payment transfers etc. Singling out ripple in a conference hosted in these institutions would give XRP lot of visibility to the folks in the government. Certainly a welcome development.
  9. Great post OP. Makes things crystal clear for every new investors apprehensive of taking the plunge into XRP
  10. I am talking about the difference in buying and selling price. For example, at the moment, I see I need to spent INR 65 to buy 1 XRP from zebpay. However, if I sell 1 XRP I get only INR 64. Which means, it work more like a market place than an exchange. This is the case with other coins also.. Whereas, you go to any other proper exchanges in India like Koinex, coindelta and coinsecure. You can see there will only be a single price for any given coin. Certainly the price for any coin at any time would be determined by the demand and supply in that particular exchange. In coinex, for example, at
  11. No.. it is really not an exchange. It acts as a middle man.. more like a market place. that is the reason why their selling price and buying price are so vastly different. They as a middle man tend to make profit from that difference. Whereas, in a real exchange you should be able to buy and sell it back immediately at the same price if you so wish. There is no doubt Zebpay is the largest bitcoin trading platform in India as they were one of the first. But, today there are many other real exchanges in India including koinex and coindelta which allows direct INR(indian fiat)/XRP pairing. Howeve
  12. But, zebpay is tecnically not an exchange. Its more like a middle man and, as a result, more often than not, there is very high spread between buying and selling price. On the other hand Koinex is a standard exchange and you can buy and sell xrp directly with INR (Indian fiat). There are also other exchanges like Coindelta in India which also offers similar method to buy XRP (simply pair it with INR itself). No need of purchasing BTC or ETH in between. Zebpay use to have only BTC till very recently. It is because of the competition from Koinex, Coindelta etc. they are forced to add XRP now. Bu
  13. I agree that crypto/digital asset is the right terminology and one that allays the fears of governments and authorities. The recent statements by Govt. of India also made it explicit that these are digital assets and not currencies and currencies, by definition, need to be legal tender, which cryptos are not.
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