Totally fair - but just call it Source Available then.
Open Source has a specific definition and this license does not conform to that definition.
Stating it is open source creates a bait and switch effect with people who understand this definition, get excited, then realize this project is not actually open source.
Could you please stop that? First it is not true. "Open Source" has nothing to do with the "Open Source Initiative" it existed long before. Second you are making people keep their source closed (not available) which is not a good thing.
"Open Source has a specific definition and this license does not conform to that definition."
To be fair, this wouldn't be an issue if Open Source stuck with "Debian Free Software". If you really want to call it a bait and switch, open source did it first.
That’s fair. It’s OSI now but I get what you’re saying broadly.