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Why Someone Put a Giant, Inflatable Bitcoin Rat on Wall Street

Saturday October 13, 2018. 10:34 PM , from Slashdot
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.'

Read more of this story at Slashdot.
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