Tag Archives: Street

Here Is Why Wall Street Is Way Too Negative On General Electric
December 19, 2018 12:01 am|Comments (0)

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Why Someone Put a Giant, Inflatable Bitcoin Rat on Wall Street, Facing the Federal Reserve Bank
October 13, 2018 12:00 am|Comments (0)

Bitcoin was created in part out of a distrust of centralized authorities like the Federal Reserve. Now a symbol of the cryptocurrency’s growing threat to the Fed stands on Wall Street: a giant, inflatable rat covered in crypto code.

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.

Fed officials have made comments on cryptocurrencies that range from the critical to the conciliatory. Last December, former Fed Chair Janet Yellen called it a “highly speculative asset” that “doesn’t constitute legal tender.” In April, one Fed official claimed bitcoin couldn’t replace the dollar, while another conceded it’s “like regular currency” in that it has no intrinsic value.

Inflatable rats have become a staple of union protests during the past quarter century, so much so that a few companies specialize in renting them out to organizers. “Rat” is not only an epithet thrown at nonunion contractors, it symbolizes greedy, unscrupulous behavior ascribed to companies opposing unions.

“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.”

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Wall Street Breakfast: Eyes On Tesla's Shareholder Meeting
June 5, 2018 6:01 pm|Comments (0)

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Wall Street Breakfast: Market Dusts Itself Off
April 5, 2018 6:09 pm|Comments (0)

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Wall Street Breakfast: Investors Prepare For Earnings Tsunami
January 29, 2018 6:13 pm|Comments (0)

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Wall Street Breakfast: U.S. Aims For 3% Growth Hat Trick
January 26, 2018 6:05 pm|Comments (0)

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Smartphone addicts get street warning signs in South Korea
June 26, 2016 2:20 am|Comments (0)

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Smartphones can be dangerous. Not because they may potentially cause cancer (that’s a valid concern), but because people are so glued to them and often not looking at what they’re walking into on the street.

With the help of the National Police Agency, Seoul, South Korea’s Metropolitan Government is taking preventive measures to warn the city’s citizens to be more aware of their surroundings when using their smartphones.

The Seoul government unveiled two traffic signs as a part of a pilot program, which you can see below. One sign, “Warning: Using Smartphone while Walking,” is for warning pedestrians about the dangers of getting hit by a car while using a smartphone while crossing the street. Read more…

More about Safety, Warning Signs, Signs, Asia, and Smartphones


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