There are still people putting money into this...
a fool and his money will soon be parted.
i dont think this is good, but its the reality we both live in.
ok another example:
i go to a market and tell all people: anyone can come here and get a ticket. every ticket has a 10% winning chance.
^ its the same. except that with the ponzi model you know that the first ticket always wins and the odds getting more bad over time.
a honest ponzi is really just a game and no theft.
if any lottery or casino does not state the odds and advertises like any ticket wins the police will come to them - as they come to ponzi owers who told their customer that anyone will win.
I am helpless that you are unable to differentiate between honesty and ethics.
Being honest about something does not make it ethical or legal. (refer the thief question. Think if it was more serious than money. like life.)