Agree...
At this point this is totally new coin and soon exchanges see what happened they will remove it.
What confuses me that few other coins based their work on BitBlock and they made success.
Also they stated that BitBlock help them a lot.
they just picked the algo... dev either doesn't know how to fork a coin or is trying to screw people.
I think dev realized that his premined for version 1 was too small... so right now I tend to agree with shojayxt, unless it fixes things up, the chance that it is a scam is pretty high...
Now it isn't obvious what the exchange will do. yesterday buy volume was 2BTC on bittrex, so do you think that people who bought for 2BTC of BBL will just say it is okay to change the block chain and get over their losses...