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The anonymous creator of the popular cryptocurrency, Bitcoin, has been nominated for a Nobel Prize.
RT.com said the Nobel Prize in Economic Sciences was established by Swedish central bank Sveriges Riksbank to deserving individuals whose academic work had made a tremendous impact in the society.
According to Professor of Finance Bhagwan Chowdhry at the UCLA in his article for the Huffington Post. he was invited to nominate someone for the most coveted prize in Economic Sciences. Chowdhry thinks that Satoshi Nakamoto deserves the prize for the most disruptive technological invention in the 21st century.
“Not only will Satoshi Nakamoto's contribution change the way we think about money, it is likely to upend the role central banks play in conducting monetary policy, destroy high-cost money transfer services such as Western Union, eliminate the 2-4% transactions tax imposed by intermediaries such as Visa, MasterCard and Paypal, eliminate the time-consuming and expensive notary and escrow services and indeed transform the landscape of legal contracts completely,” he explained.
Chowdhry, who is a doctor of economics himself, said it would be hard to award the Nobel Prize to Nakamoto, who is a famous recluse. On the other hand, the professor posits it wouldn’t be hard for the real Bitcoin creator to accept his nomination.
