Satoshi Nakamoto isn’t a name that many people will recognize, and that’s exactly how the incredibly secretive creator of Bitcoin wants it to be. We don’t even know if Nakamoto is a person or a group of people, but what we do know is that he/they created Bitcoin, and Bhagwan Chowdhry, a Professor of Finance at UCLA Anderson School, has nominated him/them for the Nobel Memorial Prize in Economic Sciences.
Satoshi Nakamoto, who created BitCoin, has been nominated for the Nobel Prize in Economics. Just one problem — no one knows who Satoshi Nakamoto is! Bitcoin, once seen as a novelty, is increasingly garnering mainstream attention, and even acclaim. A recent The Economist cover story said that blockchains, the technology that makes Bitcoin possible, could change the world. And now Bhagwan Chowdhry, Professor of Finance at UCLA Anderson School, is nominating Nakamoto for the Nobel Memorial Prize in Economic Sciences – whoever Nakamoto may be. “I am completely serious in suggesting Satoshi Nakamoto for the Prize,” Chowdhry wrote in a blog post for the Huffington Post. “The invention of bitcoin – a digital currency – is nothing short of revolutionary.” Chowdhry went on to explain how the currency is “secure, relying on almost unbreakable cryptographic code” while also “bypassing governments, central banks and financial intermediaries such as Visa, Mastercard, Paypal, or commercial banks, eliminating time delays and transactions costs.”