THEY are protesting against corporate greed and commercialization but protesters in Sydney aren't practicing what they preach.

Many protesters, who have slept on the ground of Martin Pl for two nights now, were wearing designer denim and carrying iPhones.



About 70 activists who are part of the global protest inspired by Occupy's Wall St movement are left from the hundreds that turned up on Saturday.



Based outside the Reserve Bank building, the remaining protesters have stayed put despite police efforts to move them on.



Officers confiscated items including mattresses and pillows on Saturday night in an attempt to break up the movement.



Numbers of protesters are falling by the day as people return to their day jobs.



One protester said she would go to work and return to Martin Pl by 6.30pm for the daily meeting.



"It's where we discuss our tactics and goals for the following day," she said.



Protester Chris Wheeler said the group's long term goal was to see an overhaul of our current system.



"At the moment our system favours the elite minority," he said.



"That is not a democracy."



The activists were also against commercialized products that don't improve longevity or improve out quality of life - much like the iPhones many were carrying around alongside their banners.



Others said police issued them a formal notice to remove their possessions this morning but they vowed to "resist peacefully".



Three protesters were arrested over the weekend, including one demonstrator who chained himself to a garbage truck.