yes, obviously pyramids are ONLY made out greed and for the purposes no other than what is inspired by greed and every one of them is dishonest, at the very least morally dishonest, even if some of them pass as legal (barely).

People are drawn to the pyramids on false promises for the benefit of the top only. They cannot make their own money until they attract same "follower base" underneath them to exploit them in return. And there it goes the cycle.

Also another factor is that many people are chasing their losses. That is why pyramids have their "initiation" fees, "online courses" fees, "membership fee" and so on. Once they spend it, many people won't cut their losses even after they realise they have been screwed. Some will try to work hard to screw others the same way to get back what they lost and possibly make some more. That is the underlying dishonest principle in every pyramid.

This one seems to me like no exception.