The post Why a Giant Inflatable Bitcoin Rat Now Stands at the Birthplace of the Fed appeared on BitcoinEthereumNews.com.

The richest men in American history once basked in the quiet luxury of the Jekyll Island Club off the coast of Georgia. But on Wednesday morning, a vista of shady oak trees and meticulously preserved architecture from the 19th century was disturbed by a seven-foot-tall inflatable rat. Situated on a balcony at Sans Souci Cottage, a building partly owned by J.P. Morgan, the pale rodent bore the markings of Satoshi Nakamoto. Lines of code written by Bitcoin’s pseudonymous creator covered its skin, clashing against the cottage’s time-weathered exterior. A staff member at the Jekyll Island Club told Decrypt that the resort had been notified of the rat’s presence, but the blow-up rodent had likely been removed by the time staff had scoped out the building. The Jekyll Island Club is known as the birthplace of the Federal Reserve. A series of covert meetings were held there by powerful American bankers in 1910, who outlined draft legislation leading to the formation of America’s modern banking system following the Panic of 1907. Nelson Saiers’ rat at Sans Souci Cottage. Image: Nelson Saiers. The rat was erected by the mathematical artist Nelson Saiers, who staged a similar tribute to Nakamoto outside the New York Federal Reserve building in 2018. This time, the rat was slightly smaller and noticeably brighter, but the message behind it was just as large. “At times, some people feel the banks are treated better than the average guy,” Saiers told Decrypt in an interview. “When one hears that the Fed was essentially created by bankers in secret, I think it makes people suspicious that the game may not be as fair as they’d like.” Saiers, who earned a PhD in mathematics at the age of 23, has been referred to as the “Warhol of Wall Street.” The former derivatives…

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Filed under: News - @ September 18, 2024 11:24 pm