"I acted in good faith and I got hit," President Millet said on television. "Did the country lose money? No. Did the Argentines lose money? Four or five at most. The vast majority of investors are Chinese and Americans. I'm sharing this information like I've shared hundreds of things. My tweet came three minutes after the coin was created because I'm passionate about these things and understand it. These people are volatility traders and know what they're doing. It is false to say that 44,000 people were affected, at most only 5,000. It is very unlikely that Argentines were involved. These are people who are very professional in this financial instrument. Those involved are very aware of the risks they are taking - they are volatility traders. This is a private matter between individuals and they are participating voluntarily. I'm not promoting LIBRA. I'm just sharing LIBRA information. I'm doing it because I'm a committed tech optimist. Any initiative that improves financing for tech entrepreneurs appeals to me. I'm not making a mistake because I'm acting in good faith. But when I saw the consequences, I realized I still had a lot to learn. I need to understand that after becoming president, I'm still acting the same way I used to. Sadly, this situation has made me realize that I need to raise my screening standards and stop being so accessible. "