Bitcoin Ascension Review: 2×6 matrix bitcoin gifting scheme
A testimonial from Arla Mendenhall on the Bitcoin Ascension website identifies Ivan Mircic, Tom Kent, Amber Lee as admins of the company.
The Bitcoin Ascension website domain (“bitcoinascension.com”) was privately registered on November 2nd, 2017.
On Ivan Mircic’s Facebook page he refers to Bitcoin Ascension as “my program”.
In a Facebook post dated December 3rd, 2017, Mircic (right) confirms he owns the company:
After a lot of work I have designed and will be launching my own program today.
Being the owner is an exciting feeling and I can’t wait to share it will everyone.
Ivan Mircic first appeared on BehindMLM’s radar in 2015, as one of the Facebook group admins for the Money Go Round Ponzi scheme.
Money Go Round was modeled on the Achieve Community Ponzi scheme, which the SEC shut down in February, 2015.
As with most residents of the MLM underbelly, Mircic has transitioned seamlessly into cryptocurrency fraud.
Scams promoted by Mircic over the past year include Double Your BTC (bitcoin Ponzi doubler) and Click Intensity’s failed Ads Cash pump and dump ICO.
Bitcoin Ascension Products
Bitcoin Ascension has no retailable products or services, with affiliates only able to market Bitcoin Ascension affiliate membership itself.
The Bitcoin Ascension Compensation Plan
Bitcoin Ascension affiliates gift each other bitcoin through a 2×6 matrix.
A 2×6 matrix places an affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each.
Levels three to six of the matrix are generated in the same manner, with each new level housing twice as many positions as the next level.
A Bitcoin Ascension affiliate signs up and gifts 0.004 BTC to the affiliate who recruited them.
This payment in turn qualifies the affiliate to recruit 0.004 BTC from two subsequently recruited affiliates, placed into the first level of their matrix.
Levels two to six of the matrix operate in the same manner.
Each level of the matrix requires a larger bitcoin gifting payment be made in order to receive gifting payments from other Bitcoin Ascension affiliates as follows:
- level 1 – gift 0.004 BTC and receive 0.004 BTC from two affiliates
- level 2 – gift 0.008 BTC and receive 0.008 BTC from four affiliates
- level 3 – gift 0.02 BTC and receive 0.016 BTC from eight affiliates
- level 4 – gift 0.04 BTC and receive 0.04 BTC from sixteen affiliates
- level 5 – gift 0.1 BTC and receive 0.1 BTC from thirty-two affiliates
- level 6 – gift 0.6 BTC and receive 0.6 BTC from sixty-four affiliates
Joining Bitcoin Ascension
Bitcoin Ascension affiliate membership is tied to a 0.004 BTC gifting payment.
Conclusion
Under the guise of giving and receiving donations, Bitcoin Ascension operates as a simple enough gifting scheme.
New affiliates sign up, gift bitcoin to those who joined before them and then proceed to receive gifting payments from those recruited after them.
Once recruitment slows down so too do new gifting payments, eventually resulting in the majority of participants losing money (the group waiting to recoup their initial gifting payment is always the largest).
Matrix-based gifting schemes like Bitcoin Ascension primarily benefit those running them.
Via one or more pre-loaded admin positions, Ivan Mircic sits at the top of the Bitcoin Ascension company-wide matrix.
Through pass-ups of larger and larger amounts of bitcoin on each matrix level, Mircic receives the lion’s share of deposited bitcoin.
Typically matrix-based bitcoin schemes collapse before anyone than a few who joined early make any money.
In Bitcoin Ascension this would be the group of admins Arla Mendenhall cited in her testimonial.
One last fun fact I’ll leave you with is that when Achieve Community was busted by the SEC, Mendenhall was one of the first to demand her money back.
At the time Mendenhall claimed she ‘had no knowledge of anything illegal when (she) joined” Achieve Community.
Evidently two and a half years later Mendenhall is still participating in and attempting to profit from scams.
Some people never learn.
So it appears that Ivan Mircic & Tom Kent are working together in another ponzi scheme. Ivan Mircic was a big promoter in Tom Kent’s Flip The Seeds ponzi scheme.
2 years later & Tom Kent is still promising the 1000’s of people that invested in his ponzi scheme refunds from what he earns from Bitcoin Ascension
Quote from Tom Kent in Official Flip The Seeds Facebook Group:
Stealing from people to pay people you’ve already stolen from just creates bigger problems.
Not that Kent cares but anyone with half a brain following him from scam to scam should be able to see that.
6 level entry system looks similar to the Gladiacoin scam. Can’t any of these new schemes come up with anything original they got to use something similar to a well known failure.
Flip Seeds collected money in dollars and accepted Bitcoins and Bitcoin price has considerably risen since the Flip Seeds scheme stopped.
Flip Seeds is holding much bigger dollar value on the accepted Bitcoins and should have no problem in refunding victims the dollar value they paid to join the scheme.
Bitcoin value is now 20 times higher what it was when Flip Seeds collected Bitcoin from victims and no excuse to not refund everyone already.
There’s a lot of details about Flip Seeds scam online: ftsscamsupport.wordpress.com/2016/08/03/the-bottom-line/
Flip the seeds has nothing to do with bitcoin ascension and if you had done your homework the strategy in place is a amazing never seen before one.
However no one is at the top that is the other amazing thing about this program you can earn as much as quick as you want or as slow as you want it’s a matrix for everyone.
And Arla is still part of Bitcoin Ascension because she sees the vision that Bitcoin Ascension is going in.
this has nothing to do with fts I was gutted to when I lost my money there but I have been paid with bitcoin ascension and so has many other members so to call this a scam is totally wrong and if people would like to see proof of how amazing bitcoin ascension is going (Ozedit: attempt to take discussion offsite removed)
I have nothing to hide and neither does bitcoin ascension.
Tom Kent.
Bitcoin gifting scams like Bitcoin Ascension have been around for about as long as bitcoin itself.
False. Ivan Mircic, Tom Kent, Amber Lee will receive the majority of bitcoin gifted in through one or more preloaded admin positions.
And that’s what it comes down to. You only support Bitcoin Ascension because, whereas in Flip The Seeds you got scammed, in Bitcoin Ascension you’re the one doing the scamming.
Remember that feeling when you lost money in Flip the Seed? That’s what you’re doing to someone else in Bitcoin Ascension.
Anyway, Bitcoin Ascension’s Alexa ranking is over 1 million – which for a gifting scheme = collapse. Sorry for your victim’s losses.
TOM KENT OWES SO MANY PEOPLE. BIG TIME SCAMMER. GIVE MY DEAR FRIEND BACK HER 1 BITCOIN YOU ASEHOLE.