> Most people in HN who are among the wealthy end of spectrum have no idea how inflation is affecting most people lives. There are numerous articles every week

> Most people in HN who are among the wealthy end of spectrum have no idea how inflation is affecting most people lives. There are numerous articles every week about the “great resignation” and staffing shortages in foodservice and other industries as everyone leaves for higher paying jobs. Wages are going up. It’s not the end of the world. > Most are desperately looking for opportunities to make enough returns. Stock market has been outpacing inflation just fine. Classic investment advice still holds. Those “returns” in crypto can only come from selling coins to someone else in the future. It relies on a constant stream of convincing new people to turn over their real money in exchange for virtual money. > While most shitcoins and NFTs will tumble, the topcoin rallies are not going to stop until the economy gets roaring back What a weird thing to say when the economy is roaring, unemployment is low, and top cryptos are steadily declining.