It is not the first bitcoin ponzi, but IMO it is the most straight-forward ponzi scheme.
I agree. There was not long ago some kind of "gem ponzi games" where you choose the % return depending of the gem but this one is the simple and clear.
Not only the owner describe the program directly as ponzi, he even use ponzi.io lol.
Yeah lol but this is great because you know what it is because clicking the link. It is a "honest ponzi".