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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."
...just like bitcoin itself.
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!
"What happens now?"
"Well, now, uh, Lancelot, Galahad and I, uh, wait until nightfall, and then leap out of the rat, taking Wall Street, uh, by surprise. Not only by surprise, but totally alarmed!"
"*Who* leaps out?"
"Oh... um, look, if we built this large Bitcoin Badger...."
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
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.
it symbolizes the rats deserting the sinking ship that is bitcoin.