How to create $100 million out of thin air.

Added: 2026-05-05

[00:00:00]get a developer to build a coin off of the Ethereum blockchain and you basically make a smart contract and you print as many coins as you want to print. Basically print money, right?

[00:00:08]You're like, "All right, how many centric coins do you want to make?" We chose to make 100 million centric coins.

[00:00:13]You pick your price of what you want to sell it at.

[00:00:15]>> So now basically we're like Ethereum, it goes off like a cryptocurrency value. So like every time someone invests one Ethereum into this smart contract, which is just an address that they send the the Ethereum to, it automatically sends them back centric coins. So it was basically a dollar a coin for that's what that was our starting price of what we were going to sell centric coins for.

[00:00:34]So you essentially printed $100 million at that point, >> right? Okay. So because I'm a I'm like a boomer when it comes to this stuff. So you know I'm just trying to clarify for the listeners. So a centercoin was the product just like a Dogecoin, just like a Bitcoin.

[00:00:52]>> I wouldn't say that's the product though. That's where like there's a misconception, right? is cuz there's a product that we're creating and then those centric coins are almost representative of a share of the company that we're making this product.

[00:01:04]>> But what's your product though?

[00:01:05]>> We're making a card that's going to be able to spend in stores, >> right? Okay, hang on there. Boom. So So the What about Bitcoin though? Cuz Bitcoin is just the Is that just the most popular crypto?

[00:01:20]>> Yeah, it literally has nothing to do with the documentary.

[00:01:22]>> Got it. You just called it that for They just called it that for click. Yeah.

[00:01:25]Yeah. For clip clickbait 100% you're going to be able to spend your Bitcoin on the card, but it has nothing to do with the story, >> but you could spend your Ethereum on the card. You could spend your center tech on the card. You could spend your Dogecoin. Whatever it was, right?

[00:01:37]>> Correct.

[00:01:37]>> Got it. So you were raising you you center tech was the company >> Sentra >> Centrate Tech was the your company and your product was going to be this card that you could print off all of your crypto on and receive cash back right away. And Centracoin was your cryptocurrency >> or shares of that company like almost representative of shares of the company.

[00:02:08]That's how crypto is all presented even though it's not the real shares or like a real public company. Got it. That's where like that has to be figured out like on a uh legislation basis.