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It was just a scam apparently

This article sounds to me like he's just temporarily suspending it, the article makes it sound like he's canceling it but some of his responses back to the comments seems like he's still going to try and get it off the ground. I don't know if it was a scam scam but usually these things have more of a advantage to the people putting them out there then they do to the people signing up, there's always a catch it seems.