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Is this the kind of scam I am thinking of?

Stay tuned. I will let you know.

I hope this doesn't turn out like the CD-rewinder I wasted my money on last year.

No, this is clearly a scam, as us audiophiles know you don’t demagnetise the disc, you demagnetise the laser read/write head.

I have taken my CD player/decoder made with discretes and turned it end-over-end while slowly backing away from a strong magnet.

I hope the magnet was correctly aligned with your local ley lines.