Of course the sequence of events matters!
If you log in to a Dice site, make a deposit of BTC and roll, you have no idea whether the wins/losses of the people before you will mean you will find yourself fortunate enough to be joining in at the best time in the algorithm or the worst. Your wins and losses are not knowingly dictated by the players before you, although they are a factor, the players before you have no way of knowing how their playing will affect your playing.
If you join a Ponzi and send money in, you then have to seek out other people and convince them to send money in so that you don't end up being the user who doesn't get paid. The purpose of joining the scheme is to *not* be the mug who doesn't profit, so you have to post encouraging words in their threads to rustle up some other people who, through your post, will be encouraged enough to send in their money, resulting in some of their money being shared with you.
Your profit comes, not from a provably-fair algorithm unaffected by other players but, instead, a mathematically unsustainable process of finding other people to take the fall for you.
Not all Ponzi's work like that. Only the most simplistic stuff is like that. But as soon as there are different options in "profits" and timeframes in "turnovers" there is no need to get new investors, you can easily scoop up the coins already in a project as last
player scammer

. Pretty standard in the HYIP world. Not so common here yet as most of the projects here are just the same lame script copy. However flexibit was an example of that. And one user from here showed exactly what I just said. that is just math.
Btw the process is unstable and that can be proven by math but it is not unstable because of math.