The demo(prior to the updated November 2015 version) isn't usable with the release-archives since the demo doesn't have SD access(you must build it yourself with the PAYLOADURL option). Game-version v1.1.3 fixed the vuln used with this, see the repo for a workaround for that.
That demo don't have permission to SD, so, no, it won't work.
lunalogic is just dum ognore herThat isn't why it doesn't work...