Part 5/10:
Misunderstandings and Accusations
A primary contention surrounding Libra was the charge that insiders had prior knowledge of the coin's launch, enabling them to make profits while leaving average investors at a loss. Davis refuted these claims, asserting that only a select few had access to actionable insights before the actual launch. He argued that the crypto market is innately fraught with risks, emphasizing the importance of understanding that investing in meme coins could lead to catastrophic losses.