The Dollar Sharing Review: Serial bitcoin cash gifting scammers
There is no information on The Dollar Sharing website indicating who owns or runs the business.
The Dollar Sharing website domain (“dollarsharing.com”) was registered privately on the 10th of June, 2016.
The official The Dollar Sharing Facebook group was created by Krzysztof Tymoteusz (right) on September 14th.
A post on Tymoteusz’s personal profile on the 13th of November reads;
The second Big project from TDV coming. Who wants to join Early?
The “project” referred to is The Dollar Sharing. “TDV” refers to The Dollar Ventures, a cash gifting scheme launched late last month.
At the time of publication The Dollar Ventures website was non-responsive, suggesting the scheme has already collapsed.
Based on posts in the official Facebook group, Krzysztof Tymoteusz appears to be running The Dollar Sharing with Simon Hykins and Mia Melania.
Krzysztof Tymoteusz and Mia Melania are based out of Poland. Simon Hykins is operating out of Texas in the US.
I am noting that the Mia Melania profile is likely fake. It uses a stolen profile photos and was only recently created on October 10th.
Simon Hykin’s Facebook profile also uses a stolen image of the musical artist Dawen.
Recently Krzysztof Tymoteusz was promoting Crypto Ads (adcredit Ponzi scheme), ZarFund (cash gifting), Viral Crypto (cash gifting), Matrix War (cash gifting), BitDonix (cash gifting), BitRising (cash gifting), LifeBTC (Ponzi scheme), TrafficNBitcoin (cash gifting) and FortAdPays (collapsed Ponzi scheme).
All three are bitcoin-based cash gifting schemes launched in the past month.
Simon Hykins and “Mia Melania” have similar promotional histories as Krzysztof Tymoteusz.
Read on for a full review of The Dollar Sharing MLM opportunity.
The Dollar Sharing Product Line
The Dollar Sharing has no retailable products or services, with affiliates only able to market The Dollar Sharing affiliate membership itself.
The Dollar Sharing Compensation Plan
The Dollar Sharing compensation plan sees affiliates gift bitcoin to eachother via a 2×12 matrix.
A 2×12 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 each of the two positions into another two positions each (4 positions).
Subsequent levels of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
In total, a complete 2×12 matrix houses 8190 positions.
A The Dollar Sharing affiliate signs up and gifts 0.02 BTC to the affiliate who recruited them.
This payment in turn qualifies them to receive 0.02 BTC from two affiliates recruited into the first level of their matrix.
Gifting payments across The Dollar Sharing’s entire matrix are as follows:
- level 1 – gift 0.02 BTC to the affiliate who recruited you and receive 0.02 BTC from two subsequently recruited affiliates
- level 2 – gift 0.03 BTC and receive 0.03 BTC from four affiliates
- level 3 – gift 0.09 BTC and receive 0.09 BTC from eight affiliates
- level 4 – gift 0.5 BTC and receive 0.5 BTC from sixteen affiliates
- level 5 – gift 1 BTC and receive 1 BTC from thirty-two affiliates
- level 6 – gift 2 BTC and receive 2 BTC from sixty-four affiliates
- level 7 – gift 4 BTC and receive 4 BTC from one hundred and twenty-eight affiliates
- level 8 – gift 8 BTC and receive 8 BTC from two hundred and fifty-six affiliates
- level 9 – gift 16 BTC and receive 16 BTC from five hundred and twelve affiliates
- level 10 – gift 32 BTC and receive 32 BTC from one thousand and twenty-four affiliates
- level 11 – gift 64 BTC and receive 64 BTC from two thousand and forty-eight affiliates
- level 12 – gift 128 BTC and receive 128 BTC from four thousand and ninety-six affiliates
Joining The Dollar Sharing
The Dollar Sharing affiliate membership is tied to a 0.02 BTC gifting payment to the affiliate who recruited you.
Full participation in The Dollar Sharing income opportunity costs 255.64 BTC.
There’s a plague of bitcoin cash gifting schemes doing the rounds at the moment, and scammers like Krzysztof Tymoteusz, Simon Hykins and “Mia Melania” are largely responsible.
Having bought a script from dubious programmers, Tymoteusz, Hykins and Melania have been launching short-lived bitcoin gifting scams week after week for a few months now.
The business model behind these schemes is simple. The admins create pre-loaded accounts, convince a bunch of gullible suckers to join and steal their money via increasing pass-ups (matrix tiers).
The Dollar Sharing is no different, with the upper tier of the matrix seeing Tymoteusz, Hykins and Melania steal over $94,000 dollars per position filled.
And bear in mind there’s three admins, which means at a minimum The Dollar Sharing has been pre-loaded with three positions.
From about level 5 of The Dollar Sharing matrix, most of the funds deposited in the lower matrix tiers are passed up to Tymoteusz, Hykins and Melania.
Their positions will reach these tiers first, given they were first to be programmed into the matrix.
From there the funds passed up only increase, fattening up Tymoteusz, Hykins and Melania’s bitcoin wallets and draining everybody else’s.
At the time of publication Tymoteusz, Hykins and Melania appear to still have plenty of suckers sending them money. They’ve likely got a few more launches in them before the bulk of their following realize they’re not making money.
That will of course be too late for victims, but hopefully it’ll see a stop to their flood of MLM underbelly scam launches.