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Why Someone Put a Giant, Inflatable Bitcoin Rat on Wall Street (fortune.com)
There's now a giant, inflatable rat covered in crypto code across from the Federal Reserve. An anonymous reader quotes Fortune:
The bitcoin rat, first noted on Reddit, was created by Nelson Saiers, an artist and former hedge fund manager, according to Coindesk. The art installation, which appeared earlier this week and is temporary, is intended as much as a tribute to bitcoin's creator Satoshi Nakamoto as much as it is a condemnation of the Fed and critics of cryptocurrencies. "The sculpture's supposed to kind of reflect the spirit of Satoshi and what he's trying to do," Saiers told Coindesk, who noted the rat image was inspired in part by another titan of traditional finance. "Warren Buffett called bitcoin 'rat poison squared' but if the Fed's a rat, then maybe rat poison is a good thing," he said... "This is a very iconic image for protest," Saiers told blockchain news site Breaker. "Somewhere in the heart of bitcoin is a bit of protest of big bank bailouts."
That idea appeared to be lost on some Redditors, who claimed they spotted the bitcoin rat in the wilds of Wall Street but didn't immediately see its significance. "I walked past it today," one wrote. "Had no idea it was about Bitcoin."
"It's cool, but people walking by won't understand it," said another. "I don't even understand it. Needs a BTC logo or something."
That idea appeared to be lost on some Redditors, who claimed they spotted the bitcoin rat in the wilds of Wall Street but didn't immediately see its significance. "I walked past it today," one wrote. "Had no idea it was about Bitcoin."
"It's cool, but people walking by won't understand it," said another. "I don't even understand it. Needs a BTC logo or something."
"Tasty, Tasty - Ain't it time we mellow out"
Some things are just obviously a good idea.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
...just like bitcoin itself.
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See subject: Guess you can't HANDLE the truth I levelled @ you today, eh? Nope https://games.slashdot.org/com...
* Grow up...
APK
P.S.=> You project that you WISH I was a homosexual - sorry to disappoint you, I'm not... apk
You don't "protest big bank bailouts" by losing your life savings. Investments are designed to return a profit. If you are making a statement, it's a charitable donation or something similar. See also, shorting Tesla is about "is Tesla a well run and properly priced company", not "do I like electric cars/ICEs/Musk and/or think that Tesla makes a good car."
Your ad here. Ask me how!
"Satoshi and what he's trying to do":
How about this:
"Satoshi" stashed 1 million bitcoins(!!!) for himself and was just waiting for the right moment to sell it all in an instant, to become richest person the world has ever seen by far!!! (That is, if the bitcoin craze continued unchecked! Thankfully not!!!)
(If he sold it partially, then the price would drop fast, instantly, and the value of the rest would be vastly lower!)
And, why he never gone public w/ his identity, even though Bitcoin was getting immense good publicity/hype all over the world?
Because he is well aware it is a scam! Making his id known before he is the richest in world, would be huge risk for him to get caught unprepared!
aren't exactly news here in NYC.
re: '"Somewhere in the heart of bitcoin is a bit of protest of big bank bailouts."' Somewhere in the heart of bitcoin is a lot of greed, by the exchange, the miners, the hardware sellers and the brokers. So you have just exchanged greedy bankers with greedy operators.
The grow of the value of bitcoins must be based on the black market of guns, drugs, corruption and very few valid and legal transactions. People that want to hide their tracks from the government and taxes uses bitcoins in large scale. Will you like to invest in a currency that has that base?? Is it just about money and making more money no matter what??
...bitcoin traiding is "anonymouse"
I wish people around here (/.) could understand the movement. It's larger than just PoW mining. There are a lot of better coins than bitcoin that are pushing the boundaries of financial meets OSS tech. It's surprising there are so many critics these days just because it involves financial matters. It's almost all opensource and it's a huge movement for freedom from oppression across the entire world. It's not just currency. There are meetups everywhere on it that are full of people every day. Just reach out and stop being total assholes.
See! This art proves it's definitely not a scam.
The Federal Reserve Act can be repealed. Congress can order the treasury to create debt free money to pay off our national debt with that money and we can start utilizing this money without any inflation and wipe out the old ways and get rid of the Federal Reserve instantly. Congress has the power and they are complacent your vote has been voting in people who aren't changing the system. Bitcoin will fail the majority of the population doesn't have a computer or even understand this system. Not to mention the big banks in the world won't stand for it. Bitcoin is nothing more than a honey pot. Think people. I'm posting anonymously because I'm in the know.
Problem is that banks/wallstreet are full on corrupt and Bitcoin can only be so corrupt
Better than wolf, you say? I don't know, where is Margot Robbie.
it symbolizes the rats deserting the sinking ship that is bitcoin.
Of course greedy speculators are trying to take advantage of cryptos. It's an open and free market after all. Without speculators, there would be no interest, no markets and no adoption.
People need a reason to use cryptos. Speculating is one of the primary reasons. Without a reason then fiat always wins because even the simplest person can use it.
The big difference between cryptos and banking is freedom of choice. You can choose to speculate on bitcoin, or not. You can choose to use it, or not. Choose to mine it, or not. And you can change your mind at any time.
Greedy bankers, on the other hand, have a legislated monopoly enforced by the barrel of a gun. Bankers and their masters have the ability to do whatever they want with the products of your labor. They can inflate the money supply and force you into poverty. They decide what you pay in interest. They bribe politicians to get laws in their favor. They make reckless investments and their losses are covered by your tax dollars.
Choose which system you want.
Name of my new cryptocurrency startup.
Or maybe just the name of my new Alt-Rock band.
https://app.box.com/WitthoftResume Code: https://github.com/cellocgw
If your point is lost in obscurity, you never really made one.
I choose NO krypto kurrency.