The pseudonymous founder of Bitcoin, Satoshi Nakamoto remains a vital name in the cryptocurrency market. Having been the first person to employ Blockchains for the creation of digital currencies, Nakamoto is highly responsible for what we know the cryptocurrency market to be today.
He can also be credited in part, for what Ethereum has become, as the idea of creating a network that integrates additional features that Bitcoin lacks, was inspired by the creation of Bitcoin itself. The new financial system that the world anticipates, is lately possible because of the existence of digital currencies, which again goes back to Bitcoin and Nakamoto.
Certainly, these achievements are commendable by many. Even some bitcoin critics have, in the past, affirmed that cryptocurrencies are one of the most destructive innovative technologies of the modern-day. And cryptocurrency users have time and time again concurred with these sentiments.
Demanding that Nakamoto is rightfully credited for his contribution to the digital finance market, Lex Friedman, who is an AI research scientist currently working at MIT, has asserted that it was only fair that the Bitcoin creator is awarded an economics Nobel prize.
“Satoshi Nakamoto should be awarded the Nobel Prize in Economics.” wrote Friedman on Twitter.
The tweet which quickly picked up traction got the attention of the founder of MicroStrategy Michael Saylor, who not only agrees but also added that a Nobel Peace Prize should follow, with his reason being that Bitcoin as a monetary system has managed to function as one that isn’t affiliated with the usual national violence that we see either fiat currencies.
Saylor’s statement reads: “Satoshi Nakamoto deserves the Nobel Prize in Economics for the invention of Bitcoin, followed by the Nobel Peace Prize for the invention of a monetary system that doesn’t rest on the threat of violence.”
While being awarded the Nobel prize would be a big win for the entire cryptocurrency community, Nakamoto being present to receive the award is one question that no one has the answer to.
Recently, as the sentiment of big entities has managed to sway bitcoin surprise upwards or downwards, some community members have observed the relevance of Satoshi Nakamoto’s disappearance, which some believe has significantly helped the Bitcoin market to remain alive.
With Bitcoin being as powerful and as widely adopted as it is now, putting a face to the name of its creator may have caused more harm than good. Nakamoto’s security could have also been a cause for worry. All in all, many agree that the statement “Bitcoin has no leader” has and will continue to keep the community intact.