Just Got Bitcoin Review: Sherm Mason enters bitcoin gifting niche
There is no information on the Just Got Bitcoin website indicating who owns or runs the business.
The Just Got Bitcoin website domain (“justgotbitcoin.com”) was registered on January 18th, 2017. Optimus Dale is listed as the owner, with an address in the US state of Arkansas also provided.
Optimus Dale is an alias of Sherm Mason.
Mason first popped up on BehindMLM’s radar as the admin of Magnetic Builder.
Magnetic Builder was a $29.95 recruitment scheme launched in 2011.
In 2015 Mason (right), launched at least five dubious schemes:
- Paradise Payments (February 2015) – a $2 to $1000 cash gifting scheme
- Magnetic Gratitude (April 2015) – a $580 matrix-based Ponzi scheme
- Summer Fun Matrix (July 2015) – a $22 three-tier Ponzi scheme and
- 3×9 Millionaire Machine (September 2015) – a $3 in, $435 million dollars out Ponzi scheme
- Instant Pay Christmas (November 2015) – a $5 to $800 cash gifting scheme
In 2016 Mason doubled down on his efforts and launched Elite Pay Alliance (matrix-based cash gifting), 5 Dolla Money Lines (pass-up chain-recruitment), Adstraordinary (matrix-based cash gifting) and Cash Rally GPS (Ponzi cycler).
Last month Mason launched Easy Odds, an $11 gifting scheme. Easy Odds doesn’t appear to have collapsed yet, so why Mason is launching Just Got Bitcoin so soon is unclear.
Read on for a full review of the Just Got Bitcoin MLM opportunity.
The Just Got Bitcoin Product Line
Just Got Bitcoin has no retailable products or services, with affiliates only able to market Just Got Bitcoin affiliate membership itself.
The Just Got Bitcoin Compensation Plan
The Just Got Bitcoin compensation plan sees affiliates gift bitcoin to each other via a two-level deep unilevel compensation structure.
When a Just Got Bitcoin affiliate signs up, they pay 0.3 BTC. This payment is split equally (0.1 BTC) between the recruiting affiliate, their upline (the affiliate who recruited them) and Sherm Mason.
Once paid up, a Just Got Bitcoin affiliate can then recruit affiliates into their own unilevel team to receive gifting payments. Affiliates recruited by their immediate downlines will also trigger a 0.1 BTC gifting payment.
Joining Just Got Bitcoin
Just Got Bitcoin affiliate membership is tied to a 0.3 BTC gifting payment.
With each success scam, Sherm Mason’s hypey marketing gets more spectacular.
Here’s how he’s marketing Just Got Bitcoin:
Invest .03 Bitcoin (about $30), one-time only, and receive UNLIMITED BTC for Life.
Despite the obviously fraudulent nature of the business, Mason goes on to reassure the gullible or its legitimacy.
First and foremost, this isn’t yet another get rich quick scheme or MLM program. It is a Bitcoin Crowd Funding System. It’s a perfectly legal way of accumulating wealth using Bitcoin to fund yours and others cause.
Obviously, it has been proven time and time again, to be 2000% successful. Rather than being a scam, pyramid scheme, or fraudulent way to get money, it is instead, a simple proven system, where you will be able to see amazing results, seriously, in under a two weeks!
Make no mistake, under US law Just Got Bitcoin is illegal in every way possible. Gifting schemes rely on pyramid recruitment, which for the most part has only been “proven” to enrich the admins running them.
Just Got Bitcoin is no different, with Mason’s preloaded positions at the top of the company-wide unilevel team guaranteeing him the majority of pass-ups. And that’s on top of his 0.1 BTC cut of each gifting payment.
So why is Mason particularly cocky with respect to Just Got Bitcoin?
A. Absolutely Not. That’s the beauty of it. No chargebacks of any kind. It’s Bitcoin, not a payment processor.
Now aided by bitcoin, he sees himself as untouchable.
As with all gifting schemes once affiliate recruitment dies out, so too will gifting payments within the system.
This will eventually prompt a collapse, at which point the majority of Just Got Bitcoin affiliates lose money.