Bob creates random coin named something like Donkeycoin, issues an IPO, uses the IPO money to manipulate the market and pump the coin, then dumps on everyone.
Vitalik creates coin, issues an IPO, calls it not an IPO, uses the IPO money to manipulate the market and pump the coin, then dumps on everyone.
What exactly is the difference here?
i think you missed something there's a huge difference between the to, for a start Vitalik starts with a V and Bob starts with a B
