I don't understand why people hate the honest ponzi games so much. It's gambling and not a scam as the owners are being truthful about what it is.
Why are people upset about them so much? yes they need their own section, preferrably a subsection in gambling, but how can a website be "untrustworthy" when they are being upfront and truthful about everything? and if people want to risk their money playing them knowing what they are, why do you care?
I don't play the ponzi games, but I don't care if others want to.
Argument #1: Ponzi sites are illegalSo are gambling websites that don't have the proper gambling licenses.
So are Bitcoin exchanges that do not have the proper money transmitter licenses or AML procedures.
So are lenders that don't abide by payday loan laws.
So are public performances of the song "Happy birthday to you" which is copyrighted by Warner/Chappell Music.
Argument #2: All ponzi sites are a scamIf the ponzi site fulfills their side of the deal and does exactly what they promise and both parties are willingly trading, where did the scam occur?
Argument #3: Ponzi's should be banned because they make Bitcoin look "bad"Instead of banning ponzi's, why don't we make things a bit better and form a mining cartel, make a blacklist of bitcoin addresses known to be used by ponzi sites and never confirm any ponzi site payments?
The general ethos of Bitcoin is for free market trade and against regulation. How can you actually believe that and at the same time be trying to ban people from using Bitcoin because it makes Bitcoin look bad?
Argument #4: Most ponzi sites aren't provably fair so they are scamsThere is probably a way to make ponzi sites provably fair using tx scripts. But if ponzi sites are a scam due to the lack of provably fair, then so are all gambling sites that don't have provably fair, such as poker sites and sportsbook websites.
Argument #5: Ponzi's arent entertainmentPeople have different opinions on what entertainment is. It may not be entertaining for you, but I'm sure its entertaining for others.
Argument #6: Ponzi's are scams because people will lose moneyThere will always be people who lose money on any gambling website. Otherwise the website would be losing money.
Thats all the arguments I can think of right now.