It’s sweatshop equity. I think the WP (both Steem and also SMT one) actually mention the term, or at least reference it.
But what I think this bear market is truly showing that all altcoins were always overvalued and their natural correlation with Bitcoin...
I agree with that. At least right now and until right now, looking at the current token values I think many are much better valued. Eventually, as investors start to notice that the ICOs didn’t truly make sense within their portfolio (that also due to it not being an equity stake and decision right) the real questions about the value of a token/platform/infrastructure will eventually be asked.
Is the current bear market the dotcom crash of crypto? After last year’s ICOs?