Super Matrix is a strange amalgam of an ad credit sales website and a cash gifting scheme, tied together through payments made with the Bitcoin cryptocurrency (BTC).The Super Matrix site itself has no information regarding who runs the company.Likewise, the site's registration reveals nothing either, thanks to the private domain name registration occluding the name and contact information of whoever registered Super Matrix.In fact, the only information we have is that the site itself was registered on October 9, 2016.However, when looking deeper at the content of the website, other independent review sites have pointed out that at one time it was an exact copy of content from a now-defunct Bitcoin-based cash gifting scheme that was known as LifeBTC.The content has since been altered, but screenshots dated to just after Super Matrix's launch matched LifeBTC's content.Unsurprisingly, LifeBTC launched on October 4, 2016 and closed down on October 8, 2016 – which is obviously more than a coincidence; it's a fair bet that LifeBTC has been re-branded as Super Matrix.

The identities of those who ran LifeBTC, judging from the admins of the company's Facebook page, are Swoyam Jit Singh, Karen L Creasey and Robin D. Silva, though there's no way to know for sure if they're involved in Super Matrix as well.assange bitcoin videoHowever, other evidence gathered from Facebook reveals that the admin for Super Matrix is Luis Castillo, as he was found in a Facebook post to be promoting the Super Matrix site directly.bitcoin-qt man pageSuper Matrix sells “ad credits,” enabling anyone who joins the program's cash gifting scheme to post ads on the Super Matrix website.ethereal word usageHowever, since the cash for each sale goes to the individual who sponsors a new member, it's not as if this money is going directly to Super Matrix.top funded bitcoin companies

It's obvious Super Matrix added this ad credit functionality to avoid being classified as a cash gifting scam; however, this is a rather tattered fig leaf that does little to nothing to occlude the fact the company is what it is.litecoin fxHere's the “opportunity” presented by Super Matrix: you join the company by paying a 0.06 BTC fee to the person who recruited you.bitcoin inr live chartDoing this puts you at the top of a 2×4 forced matrix.ethereum offlineOnce you do so, you're entitled to recruit two affiliates of your own, each of which pays you 0.06 BTC in turn.bitcoin mining software ipadIn order to continue to keep receiving cash gifts from your affiliates, you must continue to pay gifts up the line to your own sponsor.bitcoin online wallet script

Levels two through four of the matrix require the following: In the end, you will have received 19.2 BTC for a total payment of 1.66 BTC.Sounds great, doesn't it?19.2 BTC is roughly $20,000 USD.Who wouldn't want that kind of gift?Well, the truth is that cash gifting schemes always collapse under their own weight, and usually well before you fill out your matrix fully.It's obvious – for every recruit you bring in, they have to build their own matrix if they have any hopes of seeing the same amount of money you're hoping to see.In turn, everyone that affiliate recruits has the same goal.Soon, the massive recruitment requirements of this type of scheme becomes too unwieldy, and the whole thing collapses under its own weight – and if you haven't filled out your own matrix by that point, you are out of luck.So why create such a scheme?The administrators of a cash gifting scam pre-fill the top recruitment spots, either with themselves or with accomplices, and then funnel all recruits to these pre-filled positions.

These top spots aren't passing up gifts – they're just raking them in.When the whole thing collapses, they've got all the money.Want To See What Players Money Is About?See why after a decade of digital dollar domination, we have only ONE online opportunity you need for optimal results!Enter your best business email now.I will never give away, trade or sell your email address.We are here to help, not hurt.Yahtzee is a British-born, writer and gamer with a sweet hat and a chip on his shoulder.When he isn't talking very fast into a headset mic he also designs freeware adventure games and writes novels.See a new Zero Punctuation review each Wednesday only at The Escapist.25 How Well Do You Know Samurai Jack?This is an archived post.You won't be able to vote or comment.Before you use Purse.io: A few things everyone should know (self.Bitcoin)submitted by There seems to be quite a few threads singing the praises of Purse.io recently, along with the usual detractors screaming they're nothing but pure scam.

As a long-time user of Purse (20+ purchases), I feel like people should know a few things before they decide to either jump in or stay away from it forever.First the basics: 1.Yes, there are scammers on Purse.Quite a few of them, actually.No, Purse is not all scam - the majority of its buyers aren't - and you can minimize your risk by knowing what you're doing.What are those things one should know, you ask?Here are a few that I've gathered from my experience and the news/rumors.As long as you're okay with just 5% discount, PurseInstant is generally safe.Purse.io becomes a real middleman here, ordering your stuff and buying your bitcoins, and assume all the risk.Do note, however, that the 5% might or might not be worth it if you come straight from fiat -> BTC -> Purse, as your fiat conversion can take a while, and BTC price fluctuations can be unpredictable.The flagship paste-your-wishlist "exchange" is, of course, where the big discounts are at.First thing first, do not buy gift cards, you will get scammed.

The reason: Gift cards are instant-transfer, it doesn't allow time for fraud detection: By the time Amazon/CC company detects fraud and revokes the gift card, your coins are already in someone else's hands.Shipping delays and shipping time is what makes fraud detection possible.I repeat, do not buy gift cards on Purse.Edit: As others in the thread have pointed out, physical cards are probably much safer than gift card codes.I'll still much prefer physical goods, but you may have different ideas.Cancellations happen, and it's not necessarily fraud.I've had a few people cancel because it turned out the item ships from Asia, and will take excessively long time to arrive (translation: will take a long time for them to get their coins).They were nice enough to tell me that, that's how I know.Think like a purchaser.Think of what you've seen on Localbitcoins, and the kind of discount people are willing to give to get BTC.Do you really think anyone who's not a fraudster is going to give you a 50% discount for BTC?

I generally ask for 20% - pushing the limits but not improbable on LBC - and had no troubles getting my orders through at all.Sometimes orders are cancelled because the other side was cancelled - and it looks like the other side was a scammer and got caught.That's okay, it's a good sign: the system works.Just put it up again, perhaps with a little less discount.If you are really paranoid about black vans busting down your door (so far happened exactly once), ship to a public address.(office, receiving service etc.)If you encounter an actual scammer who was somehow not caught in transit, was notified by Purse (perhaps for a return): Just follow instructions, relax, you'll be fine.That has not happened to me, but I did hear it happen to someone else.My impression is that it happens very rarely, but it doesn't hurt to know that exists.What do I think about the scamming situation in Purse.io, personally?Craiglist is full of scammers, yet people use it everyday - and people are generally adviced to be savvy against scams.