Even by that definition, all LV canvas goods are "scam" bags because of the markups, even moreso now when the canvas pieces aren't so readily available.
Personally, It was mildly amusing the first few times but now it feels tiresome and a bit unhelpful to people unfamiliar with the forum's nicknames, especially new members who might want to find out more about it. When I came back from a break from TPF, I was so confused when I saw the nickname everywhere on this thread. It's hard to feel excited about a bag when everyone's constantly calling it a "scam" bag.