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.
https://en.wikipedia.org/wiki/False_equivalence:
False equivalence is a
logical fallacy which describes a situation where there is a logical and apparent equivalence, but when in fact there is none.