And to further inform, not all of the original 25 founders of Moremiles still participate at that site. There turned out to be major disagrements on such topics as honor, equal treatment of all members, blind justice, following agreed guidelines, and keeping one's promises.
I believe it is currently an active site with many members, including some who are no longer allowed to participate here on FT, some who choose not to participate on FT, and some who participate on both. That last group included a number of people who saw no conflict serving as the "directors" of both sites, but that group has been reduced significantly.
I can assure you (from first hand knowledge) that despite past rumors, Moremiles was never intended to be "an elitist society" nor a "Flyertalk replacement" and there was in fact a great desire NOT to copy Flyertalk nor injure it in any way. However, it also was never intended to be a monument to broken promises and dishonor, and fills that role very well for some.