Connect with us

News

XRP tipbot’s Wietse Wind hosts AMA; gives updates about Xpring’s Cold Storage OS and future of tipbot

Namrata Shukla

Published

on

XRP tipbot's Wietse Wind informs the viewers about Xpring's Cold Storage OS and future of tipbot
Source: Pixabay

Wietse Wind, creator of the XRP tipbot, recently hosted an Ask Me Anything session on Twitter to answer questions about the funding they have received from Ripple’s Xpring. The session was moderated by the anonymous @XRPTrump.

The project Xpring includes Signing Platform, Decentralized Exchange User Interface [UI] and Cold Storage Operating System [OS]. Wind spoke about the project’s aim, which is to make XRP ledger more accessible for developers, consumers and small businesses. According to Wietse, this can only be possible if they are able to attract more developers into the XRP community, especially those who can develop applications for the XRP ledger.

“Well, I think we succeed in this goal if we are actually able to attract more developers to XRP community, more developers developing application for the XRP ledger, and more users actually spending their XRP because they don’t have to worry anymore about sharing your account secrets, because they use one of our products and other applications.”

Wietse added that the Cold storage system will be available by extending Linux building and it will the most secure storage, accessible only for XRP ledger. Wind said that this can be used on inexpensive laptops too. However, once installed, the laptop cannot be used for anything else unless,

“…you could reinstall the laptop and install like Linux or a Chrome OS or Windows, but as long as you don’t reinstall them form of the laptop, the cold storage OS will be on there and the cold storage OS will be XRP ledger, only, of course, you can use it to send a composed transactions for other currencies as long as they are to us on ledger.”

Furthermore, Wind explained that the OS will be completely air gapped so that users can import their existing wallets or create new ones. Apart from this, the users can back their data on it and it will be encrypted on the machine. This OS will allow users to carry out transactions even when they are offline and they can set up a multi signing feature too. He said,



” It will generate a QR code on screen, like full screen. And you can use our app or any other XRP wallet app like Toast to scan the QR and submit airgap to XRP ledger, it’s quite interesting for people who want to keep probably larger sums of XRP really safe.”

Wind also commented on the new Bitcoin tipbot application, Tippin.me. Wind appreciated the launch of crypto-specific applications, even if they are not XRP-related as such applications provide good exposure to cryptocurrencies.

Wietse also said that XRP tipbot and XRParrot are not funded projects, but his own projects. Ali, Tristan, and Wietse will be developing applications that work best for the XRP ledger and consumers. He also went on to say that right now, the team is not thinking about monetization by developing these applications. Wind finished by saying that he will continue working on XRP tipbot as a hobby and that an update is scheduled soon.





Subscribe to AMBCrypto’s Newsletter


Bitcoin

Bitcoin [BTC] is still going to $100,000, claims Heisenberg Capital’s Max Keiser

Avatar

Published

on

'Bitcoin is still going to $100,000', says Max Keiser
Source: Unsplash

CNBC’s Crypto Trader Ran NeuNer, spoke to Max Keiser, Co-founder of Heisenberg Capital on the sidelines of the Magical Crypto Conference and discussed Bitcoin’s current trends.

Keiser said that he was bullish on Bitcoin in the long term, adding that he would be sticking by his “$100,000” prediction for Bitcoin. He stated,

“I never stopped make price prediction… I said it [Bitcoin] was going to a hundred thousand dollars and it was only a dollar and I said that all publicly… it is still going to a hundred thousand dollars”

He added that the timing of when Bitcoin would reach the mark was not important, but that it would outperform every other asset over the next 15 years. Additionally, he said that timing was only for people who were waiting to buy crypto at a better price and “that is a bad way to approach crypto.”

Keiser displayed his enthusiasm for crypto, commenting that, “Stack Satoshis… Stack SATs… you should be stacking SATs.” Giving his opinion on Bitcoin’s recent rally, Keiser said,



“I think that it goes back to when Federal Reserve issued a statement saying that they’re moving the policy to permanent quantitative easing… which means money printing without end. As you know Bitcoin is hard money, like gold, and it is going to respond well to hyperinflation and hyper-money printing.”

Further, Keiser claimed that Bitcoin bottomed when the Federal Reserve announced this a few weeks ago and that this was due to a couple of reasons. The first being Bitcoin’s upcoming halving which highlights the scarcity of Bitcoin. According to Keiser, the second reason was that the sellers were exhausted. All the above reasons, in totality, contributed to Bitcoin’s price rise, claimed Keiser.

Since Bitcoin has already proven itself as a store of value, Keiser remarked that it would be best to concentrate on Lightning Network, a layer-two scalability solution for Bitcoin and improve it as a medium of exchange.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending