I see where you're going with it, but I still have two complaints about it.

1. In your post, you stated this was NOT a hoax, but judging from your reply you either knew this, but still decided it was a good idea to claim it was NOT a hoax / Ponzi scheme (to profit from referrals) or you believed it yourself and you made up this "plan" to "cheat the system" now that I've pointed it out. Either way, it's a bad idea.
2. You could make the same (or greater) amount of money if you invested your time into something else i.e. something real. There are plenty of ways to make money in the crypto-world, many of them even more profitable. And by participating in this Ponzi scheme you're just allowing it to live longer, which in turn will cause more unknowing people to loose their money once the operation finally collapses.

Seriously, don't play with fire. You'll get burnt sooner or later.