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Crypto Users Are Again Calling For Satoshi Nakamoto To Win The Nobel Memorial Prize In Economics

Published on

February 14, 2023
Read Time:2 Minute, 29 Second

Bitcoin (BTC) fanatics on social media platforms have repeated their annual petition for the Nobel Memorial Prize in Economics to be awarded to Satoshi Nakamoto.

On October 10, the Royal Swedish Academy of Sciences announced three economics award recipients -- former Federal Reserve Chairman Ben Bernanke and US economists Douglas Diamond and Philip Dybvig -- for "analysis on banks and monetary crises." Many crypto fanatics have argued For years, Nakamoto, the pseudonymous creator of Bitcoin, was probably the most deserving contender for the economic system award furnished 1968 "in response to the identical rules as for the Nobel Prizes awarded since 1901," in response to an outline of the establishment.

"In 2008: Bernanke printed cash to bail out banks proliferating a subprime debt bubble that precipitated a world monetary disaster." said Crypto artist Lucho Polleti on Twitter. “Satoshi created #Bitcoin, a financial system that provides everybody financial freedom by separating cash and authorities. Satoshi deserves a Nobel Prize.”

The Nobel Prize in Economics belongs to Satoshi Nakamoto, not Ben Bernanke.

— Jameson Lopp (@lopp) October 10, 2022

Some individuals, together with crypto podcaster and Morgan Creek Digital co-founder Anthony “Pomp” Pompliano, have beforehand mentioned Satoshi is entitled to extra than simply an financial award. pomp tweeted in 2019 that the BTC creator deserved the Nobel Peace Prize for "making a forex that may assume world reserve standing with out anybody having to make use of power."

Satoshi Nakamoto deserves the Nobel Peace Prize and the Nobel Prize in Economics. https://t.co/o8KNF1A6yU

— McKenna (@Crypto_McKenna) October 10, 2022

Others, akin to former Blockstream Chief Technique Officer Samson Mow, have argued that neither accolade applies as it's a image of an outdated system:

No, Satoshi should not win the Nobel Prize as a result of it is a fiat assemble used to prop up the previous monetary system. If you wish to honor Satoshi, do a #Bitcoin Node. https://t.co/t0MDlJel2J

— Samson Mow (@Excellion) October 10, 2022

It is unclear if Nakamoto could be eligible to obtain both award, as her id has by no means been publicly revealed. It would make extra sense to honor different well-known early contributors to the ecosystem, akin to former BTC core developer Gavin Andresen or the developer and recipient of the primary Bitcoin transaction, Hal Finney. Nonetheless, Finney died in 2014 and a Nobel Prize "can't be awarded posthumously". according to to the statutes of the Nobel Basis.

Associated: "How I met Satoshi": The mission to show 100 million individuals about Bitcoin by 2030

Though Nakamoto was not the winner of the economics award this 12 months, he has been publicly honored in a wide range of methods by many crypto customers. In September 2021, a crypto group positioned a bronze statue of the legendary Bitcoin creator in a park in Budapest. Nakamoto continues to be the topic of crypto-related artwork, memes, on-line discussions, and hypothesis about her id — as a person or as a bunch.

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : February 14, 2023
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