"Centrality" for decentralization? | Bitcointalksearch.org

qumatru

sr. member

Activity: 322

Merit: 251

Quote from: Pinkris128 on November 05, 2019, 10:06:48 AM

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

Indeed, it will not the best idea to name the coin with that unless they will implement centralization in which will not be the preference of most people in this industry. I still do not know the whole objective of the project but if they aim for the regulation and security against scams and similar fraudulent activities, they might succeed but will most likely won't be famous for it. Many here are into crypto because it is decentralized and got tired of the conventional banking so, centralized systems are not the crowd favorite.

Centralized coins are threat to our freedom and anonymity. Decentralized networks are the best, having no central authority at all. Peer to peer is what keeps us out of the eyes of others. No one can really predict the plan behind this project but centralization brings security n no way and also harms privacy. Moreover, it is a way too nice of someone taking care of investors from being scammed.

ableh

sr. member

Activity: 498

Merit: 251

CryptoTalk.Org - Get Paid for every Post!

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

Sometimes the brand has nothing to do with the product, so I think this is no problem. Even though we already have Ethereum, but sometimes people are not satisfied with the existing products, so new ideas are created and they are trying to make it happen. Isn't the more choices, the better? Cheesy

stephanirain

sr. member

Activity: 756

Merit: 257

Freshdice.com

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

The name of the coin might have more meaning than being centralized. Yet, it is not uncommon to see "centralized" coins right now. Many asks for KYC and have tight regulations that some find not worth checking out. Nevertheless, being decentralized or centralized are just one of the factors that determine the success of the project. If their idea become popular, they more likely to succeed no matter what that is. For me, it will all goes down on how they advertise the project.

Pinkris128

sr. member

Activity: 812

Merit: 262

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

Indeed, it will not the best idea to name the coin with that unless they will implement centralization in which will not be the preference of most people in this industry. I still do not know the whole objective of the project but if they aim for the regulation and security against scams and similar fraudulent activities, they might succeed but will most likely won't be famous for it. Many here are into crypto because it is decentralized and got tired of the conventional banking so, centralized systems are not the crowd favorite.

masterrex

full member

Activity: 1820

Merit: 107

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

I think centrality is just a branding or just a name, and its should not be taken the name literally, if the platform was promoting decentralization then its useful and if not, i think let the people or investors judge them i'm very confident that NZ base cryptocurrency users or investors are intelligent enough to determined whats useful or not.

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

Quote from: CRYPTORALF on November 03, 2019, 02:13:10 PM

Quote from: Bonwin on November 03, 2019, 02:08:11 PM

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

Have you taken your time to study the project?
You cannot judge a project by the cover (which is the topic), but by the content.
If you check the OVERVIEW of the project, it is still talking about decentralization. Which means their app will be decentralized.
Centrality might just be a caption, meant to bring together many DApps.

I did study their page, but am not a pro (like you might be), so please enlighten me:

if they create a KYC where users use a single login for many dapps, how is that not centralization?

If that was true and it can't be called as a decentralized platform. There are some projects that have been working on the same idea like 0x or district0x (some big platforms like ethereum must be counted too like what you were saying before). Those platforms never ask KYC verification, but again that depends on where are they based on just like idex caused by it's on the US, and it must follow US jurisdiction, and that becomes the dex that applied KYC verification.

There will be a lot of reason to explain that. But as a platform who already claimed to provide an infrastructure to build dapps and that doesn't make sense to implement KYC verification.
But if there are some platforms that have existed and why we must talk about this one?

Menawi12

member

Activity: 700

Merit: 10

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

Never heard of a centrality project but if the project originated from NZ, in my opinion it would be interesting. NZ regulations are quite strict and if a project sells on behalf of a company with a home base in NZ that means the company is legit. Maybe the marketing isn't good enough so many people haven't heard about this project

lolgato1

sr. member

Activity: 793

Merit: 250

Maybe they mean something else with the world centrality. But name is not everything, look how successful Dogecoin is Cheesy

.

efxtrader

full member

Activity: 924

Merit: 100

GoMeat - Digitalizing Meat Stores - ICO

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

There are many projects that are actually centralized and usually projects like this are those that issue utility tokens. Utility tokens can be called as centralized because the amount of supply held by the developer team is very large compared to the supply circulation in the market so that there is a vulnerable price game

NathanJB

sr. member

Activity: 756

Merit: 251

Quote from: albrots on November 05, 2019, 03:55:35 AM

Quote from: Bonwin on November 03, 2019, 02:08:11 PM

Have you taken your time to study the project?
You cannot judge a project by the cover (which is the topic), but by the content.
If you check the OVERVIEW of the project, it is still talking about decentralization. Which means their app will be decentralized.
Centrality might just be a caption, meant to bring together many DApps.

This is a wise answer, does not directly state a good project or not, there must be research done first. This project is an innovation that needs to be supported. regardless of centralization or decentralization. Centrality creates ecosystems that will easily connect. The new experience will be felt by the user. The important thing is this project can be useful or not going forward. If it is not useful this project will be destroyed by itself.

It is odd to just judge a project by its name. What's in a name? Nothing really but a tiny idea of what it is. It is not everything. Everything is in the details. And it is not marketing per se. It is not bad marketing at all. Neither is it a bad name. And the project itself is able to survive and even make it to the top 50 with that name. But the project is also affected by the altcoin winter. It has a high negative ROI until now.

albrots

sr. member

Activity: 534

Merit: 250

Quote from: Bonwin on November 03, 2019, 02:08:11 PM

Have you taken your time to study the project?
You cannot judge a project by the cover (which is the topic), but by the content.
If you check the OVERVIEW of the project, it is still talking about decentralization. Which means their app will be decentralized.
Centrality might just be a caption, meant to bring together many DApps.

This is a wise answer, does not directly state a good project or not, there must be research done first. This project is an innovation that needs to be supported. regardless of centralization or decentralization. Centrality creates ecosystems that will easily connect. The new experience will be felt by the user. The important thing is this project can be useful or not going forward. If it is not useful this project will be destroyed by itself.

DaMut

sr. member

Activity: 1274

Merit: 263

The more I read it the centralized it becomes. I have read their whitepaper and from my point of view it is not a decentralized project. They want to unite everything from start-ups, services, users, merchant and the rest into their ecosystem and using the ecosystem to move forward together.
One of their FAQ

Quote

Centrality is building a platform made up of core services. These core services will be the foundation for enabling a more equal and fair world for those that use DApps built on our platform. Right now, your data is owned by 4 big internet companies and they use it to make huge profits – they also use their power to shut down competition. We believe the Centrality eco-system will put people back in control of their data and allow smaller companies to succeed by working together, this allows for a fairer world for everyone.

magneto

hero member

Activity: 1666

Merit: 753

I don't think that it's good naming either, but that's just the way it goes.

There are projects in crypto that are quite successful that have a degree of centralisation or even just flat out co-operate with banks anyways. It's not like crypto signifies complete decentralisation in the first place anyways.

Ultimately, it's the preference of the developers and team themselves - and if it doesn't concern them then there really isn't anything wrong with it.

huu78

sr. member

Activity: 1204

Merit: 253

Undeads.com - P2E Runner Game

The blockchain is decentralized but if there are projects that want to make them centralization it's okay if the project they're way to is good and has innovations from the rest.
If their project does not generate benefits for users, it is likely that the future will be destroyed by their project because there is no such impact as the other Ethereum platform or Dapp.

enhu

legendary

Activity: 2492

Merit: 1018

Quote from: tenakha on November 03, 2019, 03:49:47 PM

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

I am not familiar with this project. But I should remind you that this project is not the first centralized project. Decentralization is no longer a highly valued factor for majority. The request by the central powers for regulation, the less attention given to DEXs can be seen as an answer to your question. To earn the paper money we want to move away, we sell the decentralization we want to move closer. Oddly enough, most of us are doing this now either compulsorily or willingly.

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

Is that their marketing idea?

Not really their marketing idea but it shows how it can be bad for a decentralized sphere to have a name related to centralization. Its easy to say how misguided the people who invest to them without knowing what the project is.

The platform project however isn't a bad idea, in fact it ranked on the 48th of CMC as of writing this reply. The project is for startups to work each other.

tenakha

hero member

Activity: 1470

Merit: 509

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

I am not familiar with this project. But I should remind you that this project is not the first centralized project. Decentralization is no longer a highly valued factor for majority. The request by the central powers for regulation, the less attention given to DEXs can be seen as an answer to your question. To earn the paper money we want to move away, we sell the decentralization we want to move closer. Oddly enough, most of us are doing this now either compulsorily or willingly.

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

Is that their marketing idea?

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

hmm, interesting... wonder if they have an official thread here, this actually seems legit, they have active twitter and their blog has some good reads on it
I wonder the status of this, they are looking for a "head of blockchain" under their careers page : /
Cmc ranking is dece, seems to be pumping lately too

nelson4lov

hero member

Activity: 2212

Merit: 805

Top Crypto Casino

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

I see your point. I don't see the problem that the project is trying to solve. We already have dozens of blockchain that supports the creation and management of dapps - ETH, EOS, Tron to mention a few already have functionality for dapps. Except centrality is bringing something new on the table, I don't see them excel in that niche. Also, the days of people investing blindly on a website idea is gone. We know how majority of Tokensales in 2017 went. Bad marketing too. Seems like they've run out of name😂

enhu

legendary

Activity: 2492

Merit: 1018

Bad marketing really lol I don't know but whenever we see centralization, it always defy blockchain vision. They are going to have a hard time explaining every time to an investor why such name is given to a project. That alone will take time and the answers to the question already can change the minds of the investor.

They didn't even add that to the frequently asked questions.

CRYPTORALF

jr. member

Activity: 53

Merit: 3

Quote from: Wysi on November 03, 2019, 02:36:19 PM

Quote from: CRYPTORALF on November 03, 2019, 01:21:19 PM

Heard of the project "Centrality" from NZ? They have a decent team and website (https://centrality.ai/).

But isn't it weird to call yourself centrality if blockchain is all about achieving decentralization?

Bad marketing

and on that note: can someone explain to me why this project is supposed to be useful, given that we already have Ethereum and other Dapp blockchains?

This is funny, we cannot be so quick to judge any project as we have seen many projects with awesome marketing tactics running away with investor's money or not reaching the exchange or betraying the bounty hunters by locking their token until it becomes worthless. I am not talking about the content as there are other expertise who might be sharing their review but I am saying that the name does not play major role.

I didn't judge anyone - read again and see the questionmarks Wink

Topic: "Centrality" for decentralization? (Read 277 times)