Cryptocurrency Enthusiasts Again Call for Satoshi Nakamoto to Win the Nobel Prize in Economics

Bitcoin enthusiasts on social media have reiterated their annual call for the Sveriges Riksbank Prize for Economic Sciences in Memory of Alfred Nobel to be awarded to Satoshi Nakamoto.

On October 10, the Royal Swedish Academy of Sciences ad three winners of the economic prize – former Federal Reserve Chairman Ben Bernanke and US economists Douglas Diamond and Philip Dybvig – for “research on banks and financial crises”. Many cryptocurrency enthusiasts have defended for years that the pseudonymous creator of Bitcoin (BTC) was the most suitable candidate for the award, instituted for the first time in 1968, “according to the same principles as for Nobel Prizes awarded since 1901,” according to a description of the institution.

“In 2008, Bernanke printed money to bail out banks that proliferated a subprime debt bubble that caused a global financial crisis,” said the artist Lucho Polleti on Twitter. “Satoshi created Bitcoin, a monetary system that gives all humans economic freedom through the separation of money from the state. Satoshi deserves a Nobel Prize.”

The Nobel Prize in economics belongs to Satoshi Nakamoto, not Ben Bernanke.

— Jameson Lopp (@lopp) October 10, 2022

Some people, including crypto podcaster and Morgan Creek Digital co-founder Anthony Pompliano, have previously said that Satoshi was entitled to more than just an economics award. “Pomp” tweeted in 2019 that the creator of BTC deserved the Nobel Peace Prize for establishing “a currency that can assume global reserve status without anyone having to resort to violence.”

Satoshi Nakamoto deserves the Nobel Peace prize and the Nobel prize for Economics. https://t.co/o8KNF1A6yU

— McKenna (@Crypto_McKenna) October 10, 2022

Others, like Blockstream’s chief strategy officer, Samson Mowhave argued that neither of the two awards is applicable, as they are emblematic of an obsolete system:

No, Satoshi shouldn’t win the Nobel Prize because it’s a fiat construct used to prop up the legacy financial system. If you want to honor Satoshi, run a #bitcoin do not give. https://t.co/t0MDlJel2J

— Samson Mow (@Excellion) October 10, 2022

It is unclear whether Satoshi could receive either award, as his identity has never been publicly revealed. It might make more sense to honor other well-known early contributors to the ecosystem, such as former BTC core developer Gavin Andresen, or the developer and recipient of the first Bitcoin transaction, Hal Finney. However, Finney passed away in 2014 and a Nobel Prize “cannot be awarded posthumously”, according to the statutes of the Nobel Foundation.

Although not the winner of this year’s economics award, Satoshi has been publicly honored by many cryptocurrency users in a variety of ways. In September 2021, a group of cryptocurrency enthusiasts erected a bronze statue of the legendary creator of Bitcoin in a park in Budapest. Nakamoto continues to be the subject of cryptocurrency related artmemes, online discussions, and speculation about your identity, as an individual or group.

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