Milei's in the headlines for something critical for once. He tweeted about a memecoin called Libra, touting it as good for Argentina, but…

Milei's in the headlines for something critical for once. He tweeted about a memecoin called Libra, touting it as good for Argentina, but later deleted the tweet and said after learning more about it he decided not to promote it. But 74k people had already bought, driving its market cap up to like a $bil and then it went down after his reversal to like 5% of the peak. He's being sued by like 100 people, and is being investigated by his own government.

Chamath pointed out that it doesn't make sense. He was on such an PR upswing, doing everything right, the envy of US government and others, and then why would he suddenly do this? Some speculate his family members put him up to it? ‘I did not endorse it, I just shared it.’ Now he's going to have to go through this whole thing of washing his hands of this. Is it worth it?

An inspiration to Americans and others. DOGE is a copy of what Milei did. The other day Musk waved a chainsaw around, which Milei did. ‘He had set such a great standard.’

Afterwards, Milei reportedly said in interview that ‘The rality is if you go to the casino and lose money, I mean, what is the claim if you knew that it had those characteristics?’ (Did he for sure say that after the tweets?)