TerraUSD crash led to vanished savings, shattered dreams
I think we really need to start talking about the broader &quot;why&quot; of why crypto. There&#x27;s a good reason that we&#x27;re seeing &#x2F;r&#x2F;antiwork and people throwing their last pennies into crypto. People have seen that those with assets got rich and those that work get poorer. There&#x27;s no point aspiring to a better life through work. In reality what has happened is inflation that we don&#x27;t measure. Assets are inflated by easy money but the government thinks this is apparently a good thing. Now inflation in the broader economy is coming, and the government response is going to be push us into a recession. So in the boom times the rich get richer, and during the bust the poor get poorer. This is not a sustainable economic settlement.