The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations
Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.
Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.
This would be an objectively good thing for retail traders in a few ways, though there’d be some hilarious issues from making stocks into digital bearer bonds - what do you do if I steal your Google coins, or if you die while holding them in a wallet with a lost key? Any answer that’s not “too bad lol” can only mean giving terrifying power to a DAO - or right back to the SEC
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Maybe not over the stock market, but they certainly had enough to send a lot of web 3 nerds running