“But in this case, no one really knows who is, where he lives, or what his phone number is”.
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Having read the name of the article you can be confused asking yourself quite a reasonable question: how can anyone, whose identity has not even been confirmed, be nominated for the Nobel Memorial Prize?
He wrote in the Huffington Post a complete breakdown of his reasoning, and stated that he is “completely serious” with nominating Nakamoto for the Nobel Prize in Economics. “It offers many advantages over both physical and paper currencies”.
Chowdhry insists that his nomination is no joke and that he truly believes the invention of the digital currency is nothing short of revolutionary. He was recently invited by the Prize committee to nominate a candidate for the 2016 Prize. The economist also wrote about how bitcoin is secure, using “almost unbreakable” algorithms, that it can be subdivided into very small amounts, that it allows for the instantaneous transaction of currency between parties anywhere in the world, “bypassing” financial intermediaries such as traditional banks, central banks, and credit card companies, as well as reducing or ridding parties of transaction fees and time delays.
The mysterious bitcoin creator of the encrypted currency Bitcoin has been nominated for the Nobel Prize in Economics, reported Business Insider.
Will Satoshi Accept The Prize?
Nakamoto could choose to send an acceptance speech which Chowdhry said he would be happy to present on his behalf. Professor Chowdhry assured that he will accept the prize on Satoshi’s behalf if the latter is not able to attend the Nobel Prize Award Ceremony in December 2016. That won’t be any problem either. Past laureates are a who’s who of economics – and starting in 2016, that list could include the inventor of Bitcoin.
Chowdhry suggests that if Satoshi Nakamoto doesn’t provide a bitcoin address upon receipt of the prize, that the money could be forwarded to him and that he could square up with Nakamoto at a later date. As Chowdhry notes, bitcoin as a currency and an efficient payment means is just the tip of the iceberg.
Bitcoin is a decentralized virtual currency launched in 2009.
“The implications of this are vast”, says Chowdhry, and adds that Bitcoin is likely to upend the role central banks play in conducting monetary policy. The consumers will be big beneficiaries and indeed the poor and marginal sections of the society will reap the benefits of financial and social inclusion in the coming decades.
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There are no reported rules against an anonymous inventor winning a Nobel Prize, noted the Silicon Republic. Nash, who openly proposed many ideas for next-generation economics that can be related to Bitcoin and considered as precursors, for example the Ideal Money concept, passed away in May 2015.
