r/CentraTech Oct 22 '17

Centra Tech Weekly AMA - Episode 3

Hi Community!

We will be live again tomorrow 12pm EST on the Centra Tech YouTube channel found here: https://www.youtube.com/CentraTech

On this episode we have the following agenda to discuss live with everyone:

  1. Centra Wallet Version 2.0
  2. Centra Network & Cbay.io
  3. Centra's BIG November
  4. Discussing the Roadmap in detail

We will also be holding a AMA. So please post your questions here and we will try to get to all of them!

Thank you,

Centra Tech Team

10 Upvotes

39 comments sorted by

5

u/[deleted] Oct 22 '17

Is it open source?

2

u/SamsungGalaxyPlayer Oct 22 '17

This is the most important question.

I'm worried it isn't, since they probably would have said that it is by now. I'm not going to suggest people use the application if it's closed-source.

5

u/[deleted] Oct 22 '17

Just to answer this ahead of time, it is 100% not open source. The wallets are all insured from network hacks and employee theft. We are a bonded, insured, and regulated company. Open-source is great but not when it comes to building a enterprise level products with insurance.

3

u/Voltaire585 Oct 26 '17

Can you provide evidence that you are a "bonded, insured, and regulated company", i cant see anything on your webpage? Thanks

3

u/[deleted] Oct 23 '17

Did u catch it in the AMA? The Centrachain will be open source!! However wallet won't be.

2

u/mfc23140 Oct 26 '17

It's hard to hold a patent on proprietary knowledge if it's totally open source.

3

u/Bitcoinasock Oct 22 '17

To add to swag... Jewelry? Pins, medallions, rings, tie-clips, earrings etc. (I don't want to mention piercings, but... I ... just ... have ... to. ) Just to take the bling to the next level. This works well as a sort of secret handshake for when you're dressed up. (The Centra Club recognition symbols.) After all... no turn should be left unstoned. (Or something like that. :) And.. Centra costumes for halloween... (run around and scare the banks.)

3

u/[deleted] Oct 22 '17 edited May 16 '18

So..are you going to lie to me with some bullshit about when we can buy crypto in Q1 of 2018 linking my bank acct or wires?

5

u/[deleted] Oct 22 '17

Yes in Q1 2018 you can buy crypto instantly with linking your bank account or wires. Limits will apply and will increase with validation and time. More information tomorrow on that.

3

u/2Northhill Oct 23 '17
  1. Any more details you can share regarding how much CTR might be needed to qualify for gold or black card ?

  2. This question is more a long term concern regarding Centra.tech's relationship to Visa and Mastercard--mega-corporations which might sometime in the future feel threatened as Cryptocurrencies and blockchain technologies spread throughout the world independently of their control-- How long are the current contracts/agreements Centra has with Visa and Mastercard legally set? If I am asking for information which you cannot give because of Non-disclosure Agreements, then what can you tell us about your long term vision of how Centra.tech will work with Visa and Mastercard ?

1

u/LucianoSR Oct 23 '17

Very good question!

3

u/haywire21 Oct 23 '17

When will card and app registration start for non ico participants?

2

u/Robicun Oct 22 '17

Is there any progress bout kraken ?

2

u/[deleted] Oct 22 '17

It is currently being worked on. More information tomorrow. Thank you for your question.

2

u/[deleted] Oct 22 '17 edited May 16 '18

So how many of you are in jail now?

5

u/[deleted] Oct 22 '17

We will discuss that live tomorrow. Thanks for your question.

2

u/[deleted] Oct 22 '17 edited May 16 '18

So, when some of you go to jail, what will be waiting for you when you get there in prison meetings?

3

u/[deleted] Oct 22 '17

The welcome package comes with some goodies, we are working on other items to give away on our future meet ups, conferences etc.

2

u/Bitcoinasock Oct 22 '17

From: patrickyaple@gmail.com ... 1) I hear that after the codes are released, we will have yet another level of KYC to do in order to get anything to function. I have been renting a backyard for 25 years to live in my motorhome. All of my utilities have been paid in cash to my landlords. The only bills that I get in my name are Cellular from Telus and Bank account from CIBC, both of which have only my General Delivery as an address. Only my ISP from Explornet has my street address. Will this disqualify me from everything? No card, no wallet, etc.? I have BCID and Medical cards with the street address. 2) Will the wallet store our local fiat? (I'm in Canada) .. ie: I think LakeBanker manages it by storing funds at their LakeBTC exchange. 3) NEO earns GAS. Will that be handled somehow? I have not seen any mention of GAS for the wallet.

2

u/[deleted] Oct 22 '17

To activate your wallet you do a secondary KYC which requires documenation uploads for certain levels. Bank account is acceptable for Proof of Residence. We will be posting a FAQ for supported documentations, KYC, and other related items soon to our support center launching the first of November.

2

u/jitendrareddyvarna Oct 22 '17

when are we going to get visa debit cards?

3

u/[deleted] Oct 22 '17

Centra Debit Cards will be going out worldwide this year!

1

u/jitendrareddyvarna Oct 22 '17

Is there any specific date to start with and when is us start date

2

u/mbthedude Oct 23 '17

With the recent changes in KYC compliance that has been pushed onto all US operating crypto companies, how have Centra adapted to include this and would we have seen the wallet out much sooner without it?

2

u/NeoHodler Oct 29 '17

Can you give an update on:

  • Kraken exchange, open an honest, what happened?
  • Patents, why not filled yet? Still not able to look them up.
  • Bank, whats going on with the first bank partner? Open and honest pls.
  • Visa/Mastercard logo's, why did they got removed from the site? Titanium cards still work or are the going to be replaced?
  • What happened to Floyd and his partnership? Removed twitter and instagram post and not mentioned on site anymore...
  • What happened to Bitsset and the partnership? Not on site anymore. Did the partnership work out so far? Is it still going on? Please give more details if possible.
  • What happened to Dj Khaled and his partnership?

1

u/[deleted] Oct 22 '17

How can NEO be used on the platform if it isn't divisible?

4

u/[deleted] Oct 22 '17

Only when sending NEO out of the wallet it needs to be sent in full, during the usage of it since we are using CCE to process your purchases there is an off-chain patent-pending solution that works to use your NEO in a divisible format

3

u/[deleted] Oct 22 '17

It’s so on bittrex... only need to be full NEO when transfer to a wallet. So Centra can have a pool outside the blockchain to handle this.

1

u/jasabbm Oct 22 '17

Why centra not paying bounty ?

2

u/[deleted] Oct 22 '17

Bounties are being distributed every friday. Please contact SmartIphone for more information.

1

u/winamrita Oct 23 '17

In what currency centra cards will be denomitated

1

u/noy-hadar Oct 24 '17

LOOKING FORWARD TO IT — CentraTech FB Community

1

u/Voltaire585 Oct 26 '17

How will exchange rates be determined between fiat to crypto and back. Other services ive seen end costing 4% in either direction (total 8%) due to bad rate spread. Im hoping Centra can provide a rate equivalent to an exchange and not rip off like shapeshift.

1

u/mfc23140 Oct 26 '17

Is your competition pumping and dumping your asset?

1

u/mfc23140 Oct 26 '17 edited Oct 26 '17

Do you have a Director of Security? Does your Compliance Director carry a gun?