Stack My Bits Review: 2×10 bitcoin gifting scheme
Stack My Bits provide no information on their website about who owns or runs the company.
The Stack My Bits website domain (“stackmybits.com”) was registered on March 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.
Sherm 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).
1 Big Bitcoin Team launched only last month, the collapse of which has likely prompted Mason to try again with Stack My Bits.
Read on for a full review of the Stack My Bits MLM opportunity.
Stack My Bits Products
Stack My Bits has no retailable products or services, with affiliates only able to market Stack My Bits affiliate membership itself.
The Stack My Bits Compensation Plan
Stack My Bits affiliates gift bitcoin to each other via a 2×10 matrix.
A 2×10 matrix places a Stack My Bits 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 (4 positions).
Levels three to eight of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
Levels nine and ten of the matrix increase the position multiplier by four, generating 2048 and 8192 positions respectively.
A Stack My Bits affiliate signs up and gifts 0.002 BTC to the affiliate who recruited them. This payment in turn qualifies the affiliate to receive 0.002 BTC from two affiliates recruited into the first level of their matrix.
Higher levels of the matrix all operate in the same manner, with a gifting payment required prior to receiving payments from other Stack My Bits affiliates.
- level 1 – gift 0.002 BTC to the affiliate who recruited you and receive 0.002 BTC from two subsequently recruited affiliates
- level 2 – gift 0.002 BTC and receive 0.002 BTC from four affiliates
- level 3 – gift 0.004 BTC and receive 0.004 BTC from eight affiliates
- levels 4 and 5 – gift 0.002 BTC at each level and receive 0.002 BTC from sixteen and thirty-two affiliates respectively
- level 6 – gift 0.004 BTC and receive 0.004 BTC from sixty-four affiliates
- levels 7 and 8 – gift 0.002 BTC at each level and receive 0.002 BTC from one hundred and twenty-eight and five hundred and twelve affiliates respectively
- levels 9 and 10 – gift 0.004 BTC at each level and receive 0.004 BTC from two thousand and forty-eight and eight thousand one hundred and ninety-two affiliates respectively
Joining Stack My Bits
Stack My Bits affiliate membership is attached to a 0.002 BTC gifting payment.
Full participation in the Stack My Bits income opportunity costs 0.028 BTC.
We’re four months into 2017 and Sherm Mason is launching what will likely be his fourth failed gifting scam for the year.
Either things must be pretty desperate or Mason finds pleasure in perpetually releasing scams that don’t go anywhere.
Like the rest of his scams, Sherm Mason will receive the majority of gifted funds through pass-ups at each matrix level. This is achieved through one or more preloaded positions.
A few early adopter affiliates will fill the first few levels of their matrix, with everyone else (the vast majority) losing out.
I think we’re down to Mason’s scams lasting a few weeks now at best, so don’t expect Stack My Bits to be any different from the others.