"Satoshi Nakamoto deserves a Nobel Prize for Economics." Yes, let's clear that in case you were having a doubt.
1) Who is Satoshi Nakamoto?
Satoshi Nakamoto is the name used by person/persons who have developed Bitcoin and the blockchain technology. They have not revealed their identity yet and vanished from the internet completely in 2011
2) Why Satoshi Nakamoto deserves a Nobel Prize?
For the first time in human history, a revolutionary method to separate us from financial institutions was developed. A deflationary currency based on a hack and tamper-proof technology was developed. Led to the whole world of cryptocurrency which, as of today is a 2 trillion dollar industry. And its applications range from social media to currencies to banking to databases to what not!
3) Was Satoshi Nakamoto nominated for Nobel Prize?
Yes, Satoshi Nakamoto was nominated for the Nobel Prize for Economics for the year 2016. The proposal was presented by Bhagwan Chowdhry, an economics professor at the University of California.
4) Why didn't Satoshi win the prize?
Nobel prize committee are adamant that they won't award the prize to "anonymous and unknown" person or posthumously. And, as of now, we don't know who he is/they are, or if he is even alive now. Ever wondered why Gandhi never won a Nobel Peace Prize?
5) So what does this mean?
Satoshi Nakamoto not winning a Nobel Prize will always be remembered as a blot in the history of Nobel Prize for Economics. An invention of this magnitude sure deserves the recognition of a Nobel Prize.
Or will Nobel Committee change their rules to award Satoshi with the prize. Well if that happens, he deserves one Nobel for changing the financial world, and another one for changing the Nobel world (*chuckles*)
6) Conclusion
Nobel Prize deserves Satoshi Nakamoto, more than Satoshi deserves a Nobel !
Thanks for reading till the end!
Cheers ??
