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otstudio

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About otstudio

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  1. Bittrex, Poloniex, Bitstamp. All depends on what you want to trade, but I have had success with these three. Poloniex went through a period of instability and difficult times a few months ago when it's user base surged and a bunch moved to Bittrex, since then however, service has been better for me a Poloniex. Bitstamp is probably one of the most secure of XRP exchanges and uses USD; the others use USDT (Tether).
  2. According to Stefans Quora answers, I believe they are coming after Ethereum by potentially relaunching Codius. Seems they are seriously looking at options in this field for 2018. https://www.quora.com/What-are-smart-contracts-and-how-does-Ripple-use-them
  3. Session with Stefan Thomas CTO at Ripple

    What is the future for Ripple? Stefan's answer: We’ve seen a lot of interest in XRP in 2017 from payment providers, but also from banks. So in 2018, our job is to put these thoughts into action. We’ve been laying the groundwork for many years and are now the only digital asset whose use case is widely recognized by central banks and regulators worldwide. Besides the big push on XRP, you’ll of course see us grow RippleNet, which already has more than 100 financial institutions and banks and we are continuing to bring more on board. Finally, on the Interledger front we are moving on from working on the protocol and are starting to look at early use cases. We’ll be challenging a lot of use cases for distributed protocols that are currently using custom tokens with much simpler solutions that use ILP/XRP instead. (Think custom communications protocols that are for one purpose only being disrupted by the Internet.)
  4. Ripple Ledger and Electricity Usage

    On the subject of environment... I thought this article did pretty good at explaining why bitcoin (in it's current state) will not last beyond a few more years as a viable payment solution https://grist.org/article/bitcoin-could-cost-us-our-clean-energy-future/
  5. Coinbase to BitStamp

    Your conversion to XRP will not happen until you get your BTC in Bitstamp. From Coinbase to Bitstamp you are only transferring BTC from one account to another. After your BTC is confirmed deposited, then you convert to XRP when you want to and will be at the stated value in Bitstamp XRP/BTC market. When in the "in between" stage, you're at the risk of whatever the markets do to the BTC/XRP pair.
  6. Criticism is excellent when coupled with constructive advice. What do you propose? simply changing strategy and management mid-stream could bring in a worse environment. Sure, hindsight is 20/20 and we all see things that could be done different. We are treading on new grounds, new technology. I think the single biggest thing holding back Ripple is jumping through regulation hoops globally. Nothing we plebs can do about that. I am glad that bitcoin, iota, ethereum are all breaking new ground; but Ripple is going for the big prize and to win it is going to be nothing short of incredible. As of now, it's still a long shot; but not as long as it was in 2012, 2013, etc.
  7. Better save this thread for the archives.... could make an interesting reading in a museum some day. (Like the old tech they set out at Swell).
  8. I really don't see how you can call or compare XRP as a "share" of Ripple company. XRP, in my observation, is an asset or product that Ripple produced and is part of their product lineup of cross border software. It would be like Apple producing a finite amount of iPhones and slowly releasing the iPhones to the public as demand for them grows. Do we consider iPhones a part of Apple's valuation? This is a completely new asset class and business model. It remains to be seen where this valuation could go. Ripple as company will be clearly more valuable as they are able to scale and receive increased revenue. That would make owning Ripple shares a better bet. However, if XRP can meet expectations, find regulatory approval, build liquidity, and demand outstrip supply it could easily outperform the Ripple company. I guess I find it hard to compare them in and of the same class of asset.
  9. Somewhere I read a joelkatz post about shares being sold on secondary markets. (I searched and couldn't find anything now.) He said something to the effect of previous Ripple employees who may need to divest or diversify of Ripple stock holding for any number of valid reasons and that the secondary market is where they can be picked up.
  10. Life is more than buying XRP. Sometimes you eat the bear.... other times, well, he eats you.
  11. Estimation of crypto investors.

    I think this is part of why there’s so much clamoring from the XRP community to get XRP on Coinbase because of its potential retail exposure. They are one of the simplest and easiest ways for anyone with a smartphone to download their app and buy bitcoin. Coinbase app was trending at the top of Apple store in the US at this $10,000 price.
  12. Estimation of crypto investors.

    Coinbase says they have more than 10 million user accounts. I tend to think your worldwide BTC user base is on the low side.
  13. xRapid adoption

    What are you referring to, if I may ask?
  14. Used flash-fx to transfer to Bitstamp

    Reminds me of the 2013 days with SnapSwap... deposit cash in their account and have XRP within minutes. Alas, it only lasted for a few months and that's when the FinCen knocked on Ripple door and SnapSwap bolted out the side window.
  15. From what I understand, South Korea has strong capital controls and limits on who can trade crypto if you’re not a South Korean, so getting into and taking advantage of that arbitrage is minimal.
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