Our Bitcoin Review: 2×6 matrix bitcoin gifting
Our Bitcoin provide no information on their company website about who owns or runs the company.
The Our Bitcoin website domain (“ourbitcoin.net”) was privately registered on April 20th, 2017.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Our Bitcoin Products
Our Bitcoin has no retailable products or services, with affiliates only able to market Our Bitcoin affiliate membership itself.
The Our Bitcoin Compensation Plan
Our Bitcoin affiliates gift bitcoin to each other via a 2×6 matrix.
A 2×6 matrix places an Our Bitcoin 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 two positions into another two positions each (4 positions).
Levels three to six of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
An Our Bitcoin affiliate signs up and gifts 0.02 BTC to an existing Our Bitcoin affiliate.
This payment in turn qualifies the affiliate to receive 0.02 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, with each level requiring a gifting payment be made in order to receive gifting payments from other Our Bitcoin affiliates.
- level 1 – gift 0.01 BTC and receive 0.01 BTC from two subsequently recruited affiliates
- level 2 – gift 0.015 BTC and receive 0.015 BTC from four affiliates
- level 3 – gift 0.03 BTC and receive 0.03 BTC from eight affiliates
- level 4 – gift 0.06 BTC and receive 0.06 BTC from sixteen affiliates
- level 5 – gift 0.18 BTC and receive 0.18 BTC from thirty-two affiliates
- level 6 – gift 0.5 BTC and receive 0.5 BTC from sixty-four affiliates
Note that all gifting payments within Our Bitcoin are monthly recurring.
Joining Our Bitcoin
Our Bitcoin affiliate membership is tied to a minimum 0.01 BTC monthly gifting payment.
Full participation in the Our Bitcoin income opportunity costs 0.795 BTC a month.
The bitcoin gifting niche pretty much died earlier this year, but evidently there are still a few admins out there looking to milk it dry.
Under the guise of giving and receiving donations, Our Bitcoin operates as a cash gifting scheme.
Legitimate donations aren’t given to qualify to receive donations from others, differentiating Our Bitcoin’s gifting payments from legitimate donations.
Despite the obviously fraudulent nature of the business model however, Our Bitcoin insist they are neither a Ponzi nor pyramid scheme.
We are not a Ponzi or HYIP system that sells products with high profit as bait.
It is not a pyramid scheme that attracts and Inflict damage many people.
What products Our Bitcoin are referencing is unclear, as there are none mentioned on the company’s website.
The Ponzi is self-evident in that the only money paid out to Our Bitcoin affiliates is sourced from those who join after them.
Those who join after them are recruited, thus defining the pyramid aspect to Our Bitcoin’s business model.
Raw numbers wise Our Bitcoin affiliates invest 0.015 BTC monthly for a potential 38.255 BTC monthly ROI.
To put that into perspective, just one complete ROI payment to one Our Bitcoin affiliate would require at least two thousand five hundred and fifty 0.015 BTC gifting payments.
For obvious reasons only the anonymous admin and perhaps a few early investors receive anywhere near that amount.
When Our Bitcoin affiliate recruitment inevitable slows down, everyone else loses their money.