You are allowed to fork open-sourced code. That is fine. The software license allows you to.
So is changing color or making profit. That doesnot make it a scam.
Another question is will they copy Waves new smart-contract or make their own? Once you fork, you are expected to go in your own direction and make things the original didn't do.
There are two parts to it
1. Ideology
2. Source code
It is easy to have a new ideology but needs to be backed with significant original source code contributions to justify a fork. Granted the fork is only a few weeks old and takes a bit of time. Curious, how does Turtle Network address this? What original source code projects are in the pipeline?
You are allowed to fork OpenSource code. That is fine and the license says so but when there's just Copy-Paste I smell scam.
Do you want to bet they will Copy/Paste smart contract too?
This fork is one hundred percent Copy/Paste work, and you will have a confirm as soon as smart contracts arrive on MainNet.
Useless fork.
my2c
It is common in the Linux world for linux distributions to merge back updated kernel code as its development progresses. However, they(distributions) make sufficient code contributions which attracts different groups of customers.
The speed at which Turtle-Network is progressing is still interesting. Considering it only costs a fraction of Waves and if it fixes some of the issues surrounding Waves gateways, it should attract more projects. This is what investors will be looking for. Will be watching this project to see if it has any merit.