To be like crypto, it would have to be a no dividend, no asset, no income, no identifiable market company.
In fact, it wouldn't be a "realworld" company at all.
It would just be electrons floating on the internet ether. It's only real purpose would be to entertain those who speculate that others can be convinced to make the same mistake they have made.
But to finally answer your question, the real difference between this sort of company and crypto is that sane investors would never buy stock in it.
> To be like crypto, it would have to be a no dividend, no asset, no income, no identifiable market company.
In other words, you’d have to subtract everything of value and leave only the shares themselves. That’s essentially what crypto is: Shares of a finite number that can be moved around between accounts, but don’t represent anything other than themselves.
In fact, it wouldn't be a "realworld" company at all.
It would just be electrons floating on the internet ether. It's only real purpose would be to entertain those who speculate that others can be convinced to make the same mistake they have made.
But to finally answer your question, the real difference between this sort of company and crypto is that sane investors would never buy stock in it.