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It is impossible to create 'something from nothing'... and that's exactly what the shipcoins are promising to do.
If it's issued by a company then it's a... token. There should be some restrictions/disclosures around that.
If it's a coin or token to 'represent' an issued currency or share of a stock... then it's a security.
And if it 'has' no issuer and is subsequently decentralized... then it's a commodity with utility in capital markets. (Which is what Bitcoin is, neutral and commodity-like.)
so, the shitcoin bubble appears bigger.
at least it's easy to see who's honest