Vitalik Buterin, the founder of Ethereum, claims that LIBRA Crash proves that “education is thus essential.”

Vitalik Buterin, a co-founder of Ethereum, claims that the decline of the Solana image coin LIBRA is a “democracy of education” and that it is” an illustration of why education is so crucial.

The latest information should not be taken as a reason to give up, Buterin said in a tweet, highlighting the value of learning in the crypto space.

Lauding Argentina’s group of “amazing builders, who have already contributed some of the most important technology in the Ethereum ecosystem”, he added that,” I continue to be really enthusiastic about Argentina and Latam’s contributions and position in the room”.

In a follow-up message, Buterin suggested that Argentina had number Ethereum’s week-long Devconnect collecting, calling it,” a great opportunity to show the best of what crypto is sell”.

Buterin has contributed to joke cash before for the first time.

He argued that the “financialized game” that underpin them may be repurposed to support common items and organizations in March 2024. He opined that they “go up and down in value and add little of significance in their wake.”

The LIBRA fall

Argentina’s crypto community was left reeling by the launch and subsequent collapse of the LIBRA token, after the country’s President Javier Milei promoted the Solana-based meme coin in a ( now-deleted ) tweet.

According to a report by blockchain analytics firm Nansen, of over 15, 000 wallets trading LIBRA, 86 % of addresses recorded realized losses totaling$ 251 million, while 2, 101 profitable wallets netted approximately$ 180 million between them—while just over a thousand remaining holders are sitting on unrealized losses of$ 11 million.

Following LIBRA’s fall, there have been numerous accusations of retribution, with a judge appointed to look into Milei’s case for fraud, and the group behind the token have been subjected to intense scrutiny over their role in the launch.

Solana markets and platforms have frenzied themselves in the wake of the launch, while on-chain evidence points to the failure of MELANIA, the joke coin promoted by U.S. First Lady Melania Trump, to the contrary. The co-founder of Meteora, the Solana-based system behind the MELANIA key start, resigned following inside buying claims.