The creator of Bitcoin (BTC), Satoshi Nakamoto, should be awarded the Nobel Prize in Economic Sciences, suggest Lex Fridman, a Research Scientist at MIT, and other Bitcoin advocates.
The Royal Swedish Academy of Sciences awarded the economic prize to Douglas Diamond, Philip Dybvig, and former Federal Reserve Chair Ben Bernanke on October 10 for their “research on banks and financial crises.”
For years, a lot of cryptocurrency aficionados have claimed that Nakamoto, the anonymous person who created Bitcoin, is the most suitable recipient of the honor.
Anthony “Pomp” Pompliano, the co-founder of Morgan Creek Digital and a crypto podcaster, has previously argued that Satoshi deserves more than simply an economics award.
For creating a currency that may attain global reserve status without anyone having to participate in violence, Pomp tweeted in 2019 that the inventor of Bitcoin deserved the Nobel Peace Prize.
Former Blockstream Chief Strategy Officer Samson Mow stated that since neither prize is representative of an updated system, neither one is relevant.
“No, Satoshi shouldn’t win the Nobel Prize because it’s a fiat construct used to prop up the legacy financial system. If you want to honor Satoshi, run a #Bitcoin node,” he tweeted.
The massive $1 million cash reward that each Nobel laureate receives for their work is inadequate compensation for luring the mysterious Satoshi out of his cave.
According to transaction logs, Nakamoto’s Bitcoin wallet currently contains almost $200 million, so it’s not like money is a huge problem for the enigmatic inventor.
Also, as Nakamoto’s identity has never been made public, it’s not evident if they would be qualified to win either of these awards. Only living people are eligible to receive the Nobel Prize and you can’t give an anonymous individual a Nobel prize because you can never tell if they are still alive.
Also Read: Hungary Unveiled Statue in Honor of Satoshi Nakamoto
