The stock market has been a shitcoin for a long time, a big portion I think its like 20% are zombie companies, most of them are way overpriced for the value they create as they become a proxy for savings accounts because people can't save in a fiat system
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Overvaluation , buying frenzy for absolute no reason have made stocks no different than shitcoins yet it is legal while Cryptos are still illegal in many countries due to risky speculations lol.
Yes but you have to remember that stocks are securities, so they have fiduciary responsibilities, there are legal requirements to be listed as a stock and liquidity requirements. Shitcoins CHOSE not to do it, they could, there are STOs already doing that, you can look at the BMN on stokr, its a regulated security issued on the liquid network.
Shitcoins purposefully don't take these routes because they want to play in this grey area free of regulation for the time being so they can scam people out of their money with vapourwear
True that.