I see what you're saying and mostly agree. A scam is a fraudulent or deceptive act designed to trick someone into giving away money or personal information. It often involves dishonest plans that exploit the victim's trust or naivety. However, still Nakamoto's PIPE investors (insiders) got in at $1.12 with no lockup and bought ~455M shares and then dumped on retail while David Bailey and co promoted the stock. Agree that nobody forced retail to buy, but at the same time most of retail didn't have enough information to make an informed investment decision at the time they bought (their mistake). Just like most people weren't forced to inject themselves with the covid poison but did due to lack to informed consent. David Bailey already knew insiders would dump massive amounts of stock with no lockup and would short the stock into the abyss. If not an outright scam, extremely unethical.

Also, forgot to mention - Fidelity didn't list $NAKA at all because they already knew what was going to happen and didn't want to expose their clients to it.

Much the best to witness from a distance, learn from, and at this stage avoid…

Fidelity always seem to good actors, I must say Well ahead of the curve in their understanding of Bitcoin as well