It is. And someone once dug through the code to find out the differences compared to Chrome (well, Chromium): http://chromium.hybridsource.org/the-iron-scam. Basically, the differences are very minimal. Stuff is removed that's configurable in Chrome anyway, or isn't actually tracking you. The only difference since then, Iron now has a built-in adblocker. That's it. That's the big secret behind the "safe" Iron and the "big bad spying on you" Chrome.
Basically, this person is counting on people believing in the boogeyman to get ad-revenue. That's the "scam" part about it. Nothing illegal, so not a true scam, but there's deceit and hypocrisy. Deceit, because you're not any safer with Iron, there's no special sauce in it that makes it harder for ad companies to track you (an adblocker is not special sauce, every browser has adblocking extensions available). And hypocrisy, because he's using adsense. So apparently, Google's browser is evil but nothing wrong in taking money from Google's ad platform. Ironically, it's actually the ad platform that really is tracking you.



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