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Bitcoin The Almighty Buck

Bitcoin Inventor Satoshi Nakamoto Nominated For Nobel Prize 153

HughPickens.com writes: Nobel Prizes are given for making important — preferably fundamental — breakthroughs in the realm of ideas. That's just what Satoshi Nakamoto has done, according to Bhagwan Chowdhry, a professor of finance at UCLA. Chowdhry has nominated Satoshi Nakamoto, the creator of Bitcoin, for a Nobel prize in economics. The Prize Committee for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, popularly known as the Nobel Prize in Economic Sciences, has invited Chowdhry to nominate someone for the 2016 Prize. He started thinking about whose ideas are likely to have a disruptive influence in the twenty first century: "The invention of bitcoin — a digital currency — is nothing short of revolutionary," says Chowdhry. "It offers many advantages over both physical and paper currencies. It is secure, relying on almost unbreakable cryptographic code, can be divided into millions of smaller sub-units, and can be transferred securely and nearly instantaneously from one person to any other person in the world with access to internet bypassing governments, central banks and financial intermediaries." Satoshi Nakamoto's Bitcoin Protocol has also spawned exciting innovations in the FinTech space by showing how financial contracts — not just currencies — can be digitized, securely verified and stored, and transferred instantaneously from one party to another.

There's only one problem. Who is Satoshi Nakamoto? Suppose the Nobel Committee is convinced that Satoshi Nakamoto deserves the Prize. Now the problem it will face is how to contact him to announce that he has won the Prize. According to Chowdhry, Nakamoto can be informed by contacting him online just the same way people have communicated with him in the past. He has anonymously communicated with the computer science and cryptography community. If he accepts the award, he can verifiably communicate his acceptance. Finally, there is the issue of the Prize money. Nakamoto is already in possession of several hundred million U.S. dollars worth of bitcoins so the additional prize money may not mean much to him. "Only if he wants, the committee could also transfer the prize money to my bitcoin address, 165sAHBpLHujHbHx2zSjC898oXEz25Awtj," concludes Chowdhry. "Mr Nakamoto and I will settle later."
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Bitcoin Inventor Satoshi Nakamoto Nominated For Nobel Prize

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  • Too late (Score:3, Funny)

    by Anonymous Coward on Sunday November 08, 2015 @05:05PM (#50889283)

    Actually he already communicated with me anonymously that he wants them to transfer the money to ME, personally, and I will deliver it to him. Cash only.

  • Nobel prize still does not outweigh a perspective of spending the rest of a life behind bars.

  • Fake prize (Score:2, Informative)

    by Burdell ( 228580 )

    There is no Nobel Prize for economics; it is a pretend prize that tries to piggy-back on the Nobel name to push an agenda (of course, some of the real Nobel prizes have been politicized as well).

  • by tomhath ( 637240 ) on Sunday November 08, 2015 @05:28PM (#50889375)

    popularly known as the Nobel Prize in Economic Sciences

    Economists like to call it that. But Alfred Nobel had more sense than to give a prize for hand waving.

  • Hell...anyone can be 'nominated'. Even Rush Limbaugh was 'nominated'.
    • In 2004, I nominated my left testicle, which has caused a great deal of jealousy in my pants. A controversy that continues to this day.

    • by hey! ( 33014 )

      Exactly. There are a huge number of people who are allowed to nominate, including anyone who is a professor of economics.

      • by arth1 ( 260657 )

        Exactly. There are a huge number of people who are allowed to nominate, including anyone who is a professor of economics.

        Only if a permanent professor in one of the five Nordic countries. Those who can nominate are:

        1. 1. Swedish and foreign members of the Royal Swedish Academy of Sciences;
        2. 2. Members of the Prize Committee for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel;
        3. 3. Persons who have been awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel;
        4. 4. Permanent professors in relevant subjects at the universities and colleges in Sweden, Denmark, Finland, I
  • He should be nominated for the Peace Prize, which actually is a Nobel prize. The Swedish Banker's prize is far less prestigious.

    -jcr

  • Or pay the Nobel prize to *my* bitcoin address.

    I will settle with Mr Nakamoto later.

    In fact I offer this service to all Nobel prize winners.

  • Feynman said getting the prize was the worst thing that ever happened to him.

  • " It's a trap "

    They finally gave up trying to figure out who the person is behind the name. So, they're gonna try a million dollar piece of cheese to see if they'll bite :D

  • "Only if he wants, the committee could also transfer the prize money to my bitcoin address ..." concludes Chowdhry. "Mr Nakamoto and I will settle later."

    Seems like it would make more sense to transfer the money to one of Mr Nakamoto's bitcoin addresses.

  • >"Nobel Prizes are given for making important â" preferably fundamental â" breakthroughs in the realm of ideas"

    Um, not always. https://en.wikipedia.org/wiki/... [wikipedia.org]
    http://www.cracked.com/article... [cracked.com]

    Sometimes the Nobel prize is a joke.

  • Latest reports are that the nobel prize being awarded needs five more confirmations from random networks across the world, so I guess we'll need to wait on those.

  • That a modern economics prize would consider rewarding what was effectively a pyramid scheme.
  • Get some perspective - they have to heard about the pyramid scheme and care enough before bothering to go looking.
    Whoever nominated him has serious problems in keeping things in perspective - guys your grubby little hobby is not earthshaking and is a million miles away from the initial dreams of a viable digital currency. Without trust it's just a temporary token to aid in exchange of real currencies.
  • > He started thinking about whose ideas are likely to have a disruptive influence in the twenty first century

    Moving forward, "disruptive influences" are going to become more and more "dangerous". The folks coming up with them are going to want to stay anonymous more and more often.

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