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>On the other hand this is why the hi-fi hobby is dying.

The actual hobby (active music listening) is dying because it has a lot of competition in the entertainment space. That's why these days good speakers often part of home theater or computer setups, with a screen in between instead of standalone systems just for music listening.

>The happy reality is that excellent audio reproduction can be achieved without spending much money;

Indeed. But people often buy for social reasons, to boast in forum threads or to belong to a circle of elitist in those communities, it's also a status game.



    The actual hobby (active music listening) is dying because it has a lot of competition in the entertainment space.
Yeah, this is probably a bigger problem than the perception of hifi being strictly a rich man's game thanks to $50K flagship speakers.

But, I do think that perception is one of the biggest issues.




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