Clif interviews Sam Sharma of Centra Tech because the Latin “Centra” appeared in the data. This interview confirms to Clif that his focus on this newly ICOed company was a misinterpretation of the data.

YouTube Description: Not a good experience. The guy may not be a scam, but he sure has not got a clue about what he is doing. There are certainly aspects of fraud in the documentation, as well as lapses of form like the use of trademarks appropriately, and if indeed, he had had the document reviewed by a lawyer, they should fire that lawyer and hire C.W. Chanter.

Not a big confidence booster. Sam is obviously a good salesman way out of his depth. He is not, in my opinion, capable of delivery on his promises. i doubt seriously that i will see cards out or a test alpha out on the 19th. i doubt seriously that Centra will have a server farm up and running by end of September, let alone, 6 days from now (the 12th). i doubt seriously that the company will survive.

Sam is the real ‘brains’ behind this operation? Well…that does not provide a whole lot of confidence. He obviously has not thought about much of any of his real core business, and knows so little of the real world of data, coding, and bad actors.

Good luck to him. So sorry to all my readers for the write up on this company. It was due to data masking from a legit credit union by the same name that has linguistics going back years. Sigh, bound to happen and why i don’t think i will do things this same way any longer.

  • 00:01:09 Will be sued because whitepaper for using Visa and Mastercard trademarks
  • 00:01:56 Legal Council; Only 3 names for company on Linked-In and 2 are anonymous
  • 00:02:52 Freelancers from Upwork; Chief Technical Officer?; Biz Address?
  • 00:04:44 How will credit cards be done?;; Licensing agreement with Bancorp; Card processing Galileo Processing
  • 00:07:40 How will charges be processed against an altcoin; Liquidity pool?; API?;
  • 00:16:40 Chief Technical Officer does not equal coder
  • 00:19:20 Visa/Mastercard fee; 3/4% on cost of fraud alone
  • 00:22:10 Bitcoin goes on cold storage; Cards don’t hit against blockchain
  • 00:27:55 4% decline rate
  • 00:29:50 8 fulltime state; 18 freelancers; Cost per month = $20,000; Programming languages
  • 00:31:05 Where is the Chief Technical Officers; Education background; CEO = just a money dude
  • 00:34:00 Future office in Ft Lauderdale; Servers are Amazon Cloud
  • 00:35:15 One card has been tested; 150 alpha testers for cards; 4000 anticipated for Beta
  • 00:37:30 Scenario: $500 million investor could takeover this space; Filecoin; Bernie Madoff
  • 00:40:31 Tech will fail against blockchain; Numbers of true alpha
  • 00:43:00 Security; Audit; Compliance; 4000 wallets on Aug 19; Bug Bounties
  • 00:55:05 Latin language “Centra” and “Veritaseum” showed up in data in competition with TenX; Finding a security guy; Human Resources person
  • 01:07:30 Money spent on bug bounties
  • 01:09:20 Money allocated for security testing process
  • 01:12:37 How to transfer bitcoin out of Centra; Not a trustless system
  • 01:16:27 New employees for Fort Lauderdale office; When does server farm go live; Bank is not allowing access to API;
  • 01:25:00 Clif begins summarizing the problems he sees with this Centra Tech project

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One thought on “20170806 – Clif High YouTube #71”
  1. If you’ve seen the Bitconned documentary, here is the back story vid complete. It’s on Youtube. The SEC sent me a subpoena via FBI guy driving it down from Seattle office. i did not want to go to NYC over this shit. i am told that the SEC used a lot of my vid to make their case. i did not have to go to NYC. i worked to make it risky for the SEC to involve me further & they saw the wisdom of that position.
    Clif High Tweet, Jan 6, 2024

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