A serial scammer with a track record spanning years just launched another bitcoin gifting scheme, and this time he's hiding behind cryptocurrency.

Rob McAtamney owns and operates Referers Earn Bitcoin, registered on January 12th, 2017 at the domain referersearnbtcoin.biz. McAtamney's Queensland, Australia address is listed as the official contact. But good luck finding his name anywhere on the actual website.

McAtamney isn't new to this game. He first caught attention in 2015 as the admin of One Time Infinity, a straightforward Ponzi scheme. Since then, he's cycled through a string of failed scams: Cash Money Bucket, 3to600, VIP Promoters Club, Simple Simon's System, and 3 Phases Biz. In November 2016 alone, he launched 3 Phases Biz promising affiliates a $3000 return on an $8.50 investment. Traffic data suggests it went nowhere, which apparently prompted McAtamney to pivot to Referers Earn Bitcoin.

The scheme has no actual products or services. Affiliates aren't selling anything real—they're only marketing affiliate membership itself.

Here's how it works: Members gift bitcoin to each other through a five-tier 3×1 matrix cycler. One affiliate sits at the top with three positions underneath them. Those positions fill when new or existing affiliates buy in. Once all three spots are full, a commission triggers and the position cycles to the next tier.

The commission structure is tiered in bitcoin:

Matrix 1 costs 0.01 BTC and pays nothing before cycling to Matrix 2. Matrix 2 pays 0.01 BTC before cycling to Matrix 3. Matrix 3 pays 0.03 BTC and cycles to Matrix 4. Matrix 4 pays 0.08 BTC and cycles to Matrix 5. Matrix 5 pays 1.65 BTC and stops. On top of this, there's a 0.005 BTC referral commission paid to whoever recruited you.

Getting in requires paying 0.005 BTC to your recruiter and buying at least one 0.01 BTC position in the cycler.

The scheme advertises itself with a phrase that should trigger immediate alarm: "member 2 member" payments. That's industry code for straight cash gifting. In Referers Earn Bitcoin's case, it's literal bitcoin gifting between participants. The referral commission layer adds a pyramid structure on top, creating two income streams that depend entirely on recruiting new people rather than moving actual products.

McAtamney and others like him are churning out bitcoin gifting scams at an accelerating pace. Cryptocurrency's complexity and the speed of transactions make these schemes harder to track and shut down. The pattern is obvious: failed MLM after failed MLM, tweaked slightly and relaunched under new names. When one crashes, launch another.

Referers Earn Bitcoin follows the same tired blueprint. It has no retail value, no legitimate business purpose, and no way for participants to make money except by convincing others to send them bitcoin. Once recruitment slows—and it always does—the whole thing collapses. McAtamney and early participants cash out. Everyone else loses their investment.

🤖 Quick Answer

Who is Rob McAtamney and what is Referers Earn Bitcoin?
Rob McAtamney is an Australian operator registered at a Queensland address who launched Referers Earn Bitcoin on January 12th, 2017, operating through the domain referersearnbtcoin.biz. The scheme utilizes cryptocurrency to obscure its structure from public scrutiny and regulatory oversight.

What is McAtamney's history with investment schemes?
McAtamney has operated multiple schemes since 2015, including One Time Infinity (Ponzi scheme), Cash Money Bucket, 3to600, VIP Promoters Club, Simple Simon's System, and 3 Phases Biz. In November 2016 alone, he launched 3 Phases Biz promising $3000 returns on $8.50 investments.

**Why is Referers Earn Bitcoin considered

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