So I publish a video with information about a company called Centra that claims they will distribute VISA Debit Cards backed by a digital wallet of Cryptocurrencies. The idea is great and if done correctly, can be a game changer in the world between the dying fiat system, and the emerging crypto space. My concerns are documented in this video, which I published on Monday:
I wasn't alone in my suspicions as others picked up on the price manipulation on EtherDelta.
Reddit Thread: https://www.reddit.com/r/icocrypto/comments/6ozjs7/centra_announces_ico_multiblockchain_worldwide/?st=j6vwmaro&sh=cdf3f36e
Bitcointalk Forum:
https://bitcointalk.org/index.php?topic=2125763
FALSE ACCUSATIONS
Soon after publishing the video, I was sent a message from YouTube informing me that Centra had filed a Trademark Infringement Complaint. But as I explain in the video, my critique of Centra doesn't even come close to how YouTube themselves describe a Trademark Infringement. I talk about that, and invite folks from Centra onto my channel to discuss the matter in this video:
At this point, it is my humble opinion that Centra is either a very elaborate scam, or a poorly run fintech company with big promises that can't be verified. I'm hoping that they are legit, and that they will be able to deliver on their promise to provide a practical way for cryptocurrencies to start being used in the real world with far more ease. We will just have to wait and see. They plan to release the cards in a couple weeks with an official ICO coming soon thereafter. STAY WATCHFUL!
NOTE: I have not received any notice from anyone on the Centra team since posting the second video.