Sherm Mason, identified by his "opitimusx" YouTube account, fronts Akashic3, a bitcoin matrix cycler scheme. The website offers no company leadership details, and its domain registration was privately completed on August 9th, 2017.

Mason's history with online schemes dates back to 2011, when he operated Magnetic Builder, a recruitment program with a $29.95 entry fee. His activity escalated in 2015, launching at least five separate ventures. These included Paradise Payments, a $2 to $1000 cash gifting operation in February; Magnetic Gratitude, a $580 matrix Ponzi in April; Summer Fun Matrix, a $22 three-tier setup in July; 3x9 Millionaire Machine, a Ponzi scheme promising $435 million from a $3 investment in September; and Instant Pay Christmas, a $5 to $800 cash gifting scheme in November.

The year 2016 saw Mason introduce Elite Pay Alliance, 5 Dolla Money Lines, Adstraordinary, and Cash Rally GPS. All of these either failed at their launch or collapsed soon after. In 2017 alone, Mason promoted Easy Odds, Just Got Bitcoin, 1 Big Bitcoin Team, Stack My Bits, BitQwik, and I Like Bits. Each of these schemes followed a similar pattern of rapid failure.

Akashic3 sells no tangible products or services to retail customers. Its business model relies solely on affiliates marketing and selling Akashic3 memberships. This structure means incoming funds depend entirely on new participant recruitment.

Participants buy into Akashic3 by purchasing a position for 0.00369 Bitcoin (BTC). This entry grants them a spot in a three-tier matrix cycler. The matrices operate in escalating sizes: 6x3, 9x3, and 12x3.

A 6x3 matrix places the participant at the top, with six positions directly underneath forming the first level. The second level expands these six positions into six more each, totaling 36 spots. The third level similarly multiplies, creating 216 positions. The 9x3 and 12x3 matrices follow the same logic, expanding by nine and twelve positions per level, respectively.

Commissions are paid out as positions within a matrix fill. Once all positions in a matrix are filled, the matrix "cycles," and the participant's position advances to the next tier. Payouts vary based on whether a position is filled by a personally recruited member or through "spillover" from other participants.

The first matrix, with a 0.00369 BTC entry, pays $2 for passive fills and $6 for direct recruits on its first level. The second level pays $3 for passive fills and $4 for direct recruits. The third level pays $1, regardless of how the position fills.

Matrix 2 offers $9 for passive fills and $21 for direct recruits on its first level. Its second level provides $9 for passive fills and $15 for direct recruits. The third level pays $3 for passive fills and $6 for direct recruits.

Matrix 3 payouts begin with $18 for passive fills and $45 for direct recruits on its first level. The second level pays $58.90 for passive fills and $25 for direct recruits. The third level pays $9, irrespective of recruitment method.

Akashic3 also includes a matching bonus system, paid when personally recruited affiliates cycle through their matrices. For Matrix 1, these bonuses are $18 for level 1 cycles, $72 for level 2, and $216 for level 3.

Matrix 2 yields matching bonuses of $81 for level 1 cycles, $729 for level 2, and $4374 for level 3. Matrix 3 provides the largest matching bonuses: $216 for level 1 cycles, $2592 for level 2, and $15,552 for level 3.

Mason's system extracts additional funds by paying less for passively filled positions. This difference allows him to retain a larger portion of the incoming cryptocurrency. Furthermore, the scheme's design likely includes preloaded administrator positions, ensuring Mason receives a significant share of all deposits from the outset.

This setup is typical of a Ponzi scheme, where early investors are paid with money from later investors. Without any external revenue generation, the system relies entirely on a constant influx of new participants and their Bitcoin contributions. A few participants may see returns in the initial stages.

However, once recruitment inevitably slows, the flow of new funds diminishes, leading to the collapse of the scheme. The vast majority of participants, particularly those who join later, lose their invested cryptocurrency. This pattern has repeated across many of Mason's previous operations.

Mason's rapid launch of schemes in 2017, nearly one per month, suggests a diminishing return on each new venture as potential participants become more wary of his track record.