Oh, it's more than that, but I agree with you that it's not a "scam." That word seems to be everyone's favorite word, but it's usually misused. Most "scams" in crypto are the result of incompetence and negligence, but the intent was honest. It's a moot point however. The end result is the same.

Maybe people will finally learn and try doing some research before throwing their money away, but I doubt it.