i feel most of your points are only relevent to standard ponzi scheme's ,and from what i can work out this is a long way from that.
the main point of this game is the fact that the element of first in win last in lose has been removed completely
That is precisely my point
I am not really sure this can legitimately even be called a ponzi any more. This is really no different than you buying a raffle ticket at a bingo parlor.