Bitcoin Forum

http://6abc.com/news/angus-deaton-wins-nobel-prize-in-economics/1019212/


Satoshi Nakamoto is overqualified.

Lol Economists.

Remember these two?  Myron Scholes and Robert Merto.  They won a Nobel price on 1994 based on some derivatives model idea they had then started a hedge fund based on that model.  They failed miserably and lost billions.

Satoshi doesn't need to win it. Nobel prize has completely lost its values and has become just an instrument of the rich to justify their doings and to mislead the masses. I mean Obama has won it, what else we need to say.

And "helped redefine how poverty is measured"??  Did he make an economic model on how the elite take from the poor?  Because that would be really interesting. 

The HOPEium was big on that one. What an insult to real men and woman fighting for justice around the world.

Was confused at first as Angus Deayton is a comedian in my country: http://www.theguardian.com/tv-and-radio/2015/oct/12/angus-deaton-v-angus-deayton-nobel-prize-win-sparks-twitter-joke-flurry

It would be cool if he was awarded it, though I think bitcoin would have to be heavily used around the world before he was nominated. Maybe if it breaks into the remittance market or makes a significant difference to the unbanked at some point he will be considered though can an anonymous person(s?) be nominated?

Controversy along nobel price is all along history.

These Nobel Prizes have become a joke like Obama and that Malala girl getting them. I think most of us here would agree the creator of bitcoin should deserve one but doubt he would ever be considered.

ofc, what do you expect? nobody remember that now... Nobel Prize is like a circus, only think that really matter is the ammount of $ that it generates...


if people are honest, bitcoin is by far the best innovative technology in the last years, but people have his own interest and vanity....

I was the same, Angus Deayton?? no way he won a Nobel prize lol obviously not the same chap :)

I think the idea of having blockchain means more than that. And if that doesn't fulfill the criteria of having something that could be solving all the world economic issues and imbalances, then I'm not sure what else would. He's over qualified and that's for sure. Perhaps the biggest obstacle here is the anonymity part.

because nobody offer him for noble  ;D

isnt there a rule about anonymous people not being able to win a nobel prize? if they dont know who you are, whats the point of recognizing the person

I don't think even satoshi could win nobel anyway
I mean,how is he supposed to win nobel if we don't even know his real identity
He could be a person or a group  ::)
Maybe if he revealed himself to the world he might get a nobel prize ;D

I think this is an interesting question. I think it's very likely that he will get the Nobel Prize in Economics one day. Although I'm sure it is against the current policies to give the price to anonymous people, I am confident they will make an exception in this case. In a generation's time, very likely almost everyone alive will have heard his name. And as many have pointed out, his contribution towards economics has been many orders of magnitudes greater than your average prize recipient.

It is even possible that he will get the Peace prize.

Who knows? Maybe one day this can be possible. Important to have the Nobel is who proposes the person who pretend the prize. And the age. Rarely is given to new peoples. Satoshi Nakamoto is (must or can be) yet young or middle-aged man. If bitcoin will become important in the future there can be to many Authorities which can take this initiative. And he will become important. Even is an hidden person. But yet there are people which has received the Nobel prize even after their death. So it will be not a surprise if it will be given at an person which is hidden. But there is yet to much time ahead for him in which he can have this prize. But I repeat: important is the destiny of bitcoin as a currency.

There is no Nobel Prize in economics, just a prize founded by the Swedish central bank who successfully piggybanked on Nobel's name.

Exactly! After he has won it, Nobel prize has definitely become a joke, complete joke! I got nothing more to say!

It is true but is true even the fact that is treated and awarded in the same way like the other Nobel prizes. From the Wikipedia: https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences (https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences)

"The Nobel Memorial Prize in Economic Sciences (officially Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne, or the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel), commonly referred to as the Nobel Prize in Economics, and as a "category of the Nobel Prize" by the Nobel Foundation itself, which owns the name Nobel Prize, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field. It is not one of the prizes that Alfred Nobel established in his will in 1895, but instead was established 73 years later by a donation to the foundation from Sweden's central bank, the Sveriges Riksbank, on the bank's 300th anniversary. Winners are announced with the Nobel Prize winners, and receive the award at the same ceremony."

I don't want to sound like a conspiracy guy but im pretty sure the Nobel Prize has an agenda behind it just like everything that has that "officialism" halo around it, so I wouldn't count into Satoshi being given such a recognition by mainstream media, or at least not anytime soon. Maybe in decades. Right now im sure no one of the judges even know what Bitcoin is or understand it.

HIGNFY - angus deayton - scandal best bits (https://www.youtube.com/watch?v=7L8ij02Df2w)

Yep, the comedian Angus Deayton should've won the Nobel prize in economics considering that he successfully serviced a prostitute sans paying her, an act worthy of a thesis.

"Nobel Memorial Prize in Economic Sciences" is not a prize setup by Nobel, but Swedish central bank, so its political implication is very clear: To award those theories that benefit the banking business

Similarly banks won't win a Satoshi prize

Nobel Prize of Ecnomics has nothing to do with Nobel. The award of Nobel Peace Prize is very controversial many times.

Satoshi don't need a nobel prize.

He will be remembed for ever for changing the way the money is issued.

he winned that prize when he mined and mantained the network with his 1M reward in bitcoin

now he is rich enough to buy the "nobel price" if he want

satoshi does not need to be recognized with the Nobel Prize. satoshi will always be recognized by the wider community, especially the users of bitcoin.

Had to agree with this.
And satoshi probably don't want to be noticed by everyone. Just like his work, the bitcoins, maybe he wants to remain anonymous to us and not be known with a nobel prize.

Indeed. It's not a judgement from universal powers beyond our comprehension, it's simply a committee of people sitting around with just as many grudges, misconceptions and pet subjects as anyone else.

It's going to take a long while before the rest of the world is capable of digesting what the whole thing means for them.

Bitcoin is economics in the first place, ignoring that fact is to misunderstand Bitcoin and to diminish its role. The ideas of Satoshi are based on Hayek's work, who received the Nobel prize:
for the pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena.

Satoshi deserves the Noble Prize. But he may not get it if he remains anonymous.

It's way too revolutionary and disruptive, too soon. Sooner or later, the deserved recognize in the historic contribution to mankind that happened in 2009 with Bitcoin, will be rewarded, but not now. Now is the time to treat this stuff as something shady and dangerous, like the internet in the early days.

Isn't it known as "The Nobel Peace Prize"?
Or is there one now, as mentioned earlier, for economics? If so then yes. Why not?
But don't expect him or her to show up and accept it.  :P

Besides he being a rich person,and unknow why would he or her care about something material since he made one thing virtual has more value then much material things?

I see nobel as a waste of money,the same way as grammy or others those shows should be used to help poop people instead who won bla bla bla this year was x person ,we recognize the actors ,singers works ,when we buy a cd,go to shows,most of them are rich people why to give the stars a thing to they show to sons and the family?Proud to had been someone?When we die we will go to the same place and without those material things.... but well is good to people recognize you had a better perfomance on x year or moment.

First of all the Nobel Prize is not a simple prize but a prize which give even money. And not few money. Then this is a moral incentive and an world recognition which will give at bitcoin a very and more good reputation, importance and spreading. So this prize will help bitcoin more than Satoshi Nakamoto. My questions is: are you a lover of bitcoin or only a simple user of it which care only for its price in the market?

The main benefit of Nobel Prize is the public recognition.

First I have answered to the post quoted by me. So my answer was structured to give him an answer.

Then I have added some other benefits. ;) And made some other interpretations. With interest for the lovers of bitcoin. And that might make happy everyone of those. Including (it is supposed) even you (if you are here in bitcointalk mean that you are here because of bitcoin). Sorry for all this I have made but I think that when it is treated something must be treated fully and not partially. I understand that you discover something big and important and this had given to you joy and need to show to all the world this discovery (showing it to them through your above post) but I suggest that you think a little more and to try to discover all the things connected with something and not only one specific characteristic of it. I can assure you that your joy in the last case will be way more big than the previous one.

Nobel Prize for Econonics is an award created by the Swedish bank and is completely not related to Alfred Noble's award.

Repeat of my previous post:

It is true but is true even the fact that is treated and awarded in the same way like the other Nobel prizes. From the Wikipedia: https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences

"The Nobel Memorial Prize in Economic Sciences (officially Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne, or the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel), commonly referred to as the Nobel Prize in Economics, and as a "category of the Nobel Prize" by the Nobel Foundation itself, which owns the name Nobel Prize, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field. It is not one of the prizes that Alfred Nobel established in his will in 1895, but instead was established 73 years later by a donation to the foundation from Sweden's central bank, the Sveriges Riksbank, on the bank's 300th anniversary. Winners are announced with the Nobel Prize winners, and receive the award at the same ceremony."

because that is extraordinary not only going to see. They will always be remembered. remembered as a reformer.

Similar to Nobel peace prize which once awarded to Obama, economy prize is very political. In fact economics is not science but politics, all the economy theory directly benefit one group of people while hurt another group of people, due to the nature of economics (resource allocation)

I dnt think that it is possible to actually award nakamoto, could be a rule against that. Furthermore, if it was actually a group of people, only 3 of the group (if bigger than 3) can be awarded for the same thing; there would need to be some establishment of hierarchy. Take for example, Rosalind Franklin who took pictures of the structure of DNA that was published on nature's publication but was not awarded the nobel prize since her job was only taking data, a bit harsh for a rule eh?

Disagree with this conception of economy conception. If the economy is a normal market economy no one will be be hurt (or very few will are they which would feel hurts) if it will be a normal person who made every kind of job. Normally in such economies everyone is rewarded by the job made. So, you will have that which deserve to have. The resource allocation doesn't mean in itself the hurt of someone and the joy for another but take that you give.  :)

When Bitcoin goes mainstream, it is possible to award Nakamoto Nobel Prize if he wants to identify himself.

i doubt he is not holding a very big fortune, it's the reason i think he is not revealing himself anywhere, and i doubt he care about the price nobel, he seems someone who like to be anon and not reveal his identity

not someone that aim at being famous with his face


p.s. was a mistake, i mean  "he is not holding" forgot the not  :D

You think that 1 000 000 bitcoin (see the first link below) or 1 500 000 bitcoin (see the second link below) are not a big fortune? Lol. I will be very happy and will consider myself as a big lucky person if I had even with 1000 of those. Much more than happy and lucky ...  :D

Or you think that hime has donated all those....  ???

https://en.wikipedia.org/wiki/Satoshi_Nakamoto (https://en.wikipedia.org/wiki/Satoshi_Nakamoto)

https://bitcointalk.org/index.php?topic=37333.0 (https://bitcointalk.org/index.php?topic=37333.0)

In my opinion, the one who create bitcoin is not only one person. They are in one group which named as Satoshi Nakamoto.

And i think (probably) they are not brave enough to resposible for BTC.

They will be in a very safe condition now.

Not just he wont win it,  It will be never collected would be a waste of an award.

LTCM? Their model is still being used today. I doubt that they deserved a Nobel prize for it though, the great 2008 crash had a lot to do with the model they created

Since the begining him didnt had show is face,he made bitcoin anonymous for all as their identy,soo why woul he get bored because a prize?We using their creation ,and it reaches the current level,and being alive is a huge sucess and enough to him be prouf of his creation.
And sure he is milionaire soo he is spending some bitcoin or using fiat to buy confort travel around the world and even see where he can pay with bitcoin and supporting his big child.

Lol, Obama winning the peace nobel prize says enough about its credibility :)

Exactly.. Nowadays NOBEL PRIZE is nothing its just an instrument of the riches to proof it to the world...

Nobel prizes do not hold anything other than advertisement value nowadays.
It is very political and politic figure are strong people so they can easily reach prizes like nobel.
Mr. Nakomoto will be more famous than nominated economists at nobel prizes.

That statements applies to Nobel Peace, Literature and Economy Prize. The award of these prizes is very arbitrary and controversial.

No one of the first 1 000 000 bitcoins is spent. All those are stored there where only Satoshi know. If he spent even 1 satoshi it will be traced by to many "maniacs" of the following of the flow of bitcoins since on its origin. So, if Satoshi spent only one 1 satoshi from its wealth it will be identified (the wallet and from wallet maybe even other things). He knows this and all that good of God is sleeping who know where. I don't know and don't understand to much about these things but I know that everything write above by me it is true. That is what I have read in some place in internet.

Dont worry guys , an Economic Nobel Prize is not a honor, it's a dishonor.

I mean getting decorated by the keynesian ponzi scheme cult is not the best wish of your life isnt it? Satoshi would never get that award because he was a laissez-faire free market capitalist :)

Surely Satoshi Nakamoto will not win a Nobel price.  His identity is still in dispute.

How could Satoshi Nakamoto win a Nobel prize?  His identity is not even clear.

I do not think that identity is not a concern for a noble prize as many people had won noble prize after their life also. So, may be noble prize would make Satoshi to unveil himself to the world. I'm very much ken to know him for his dedicated work for the financial world.

Yes. At least to receive the noble prize, Satoshi Namamoto must come out. But we can not push the noble prize committee for a prize for inventing the bitcoin system right now. May be after the huge success of bitcoin and financial revolution from it would make people to award Satoshi a noble prize.

I don't think Satoshi would care enough about the Nobel Prize to come out to be honest. He seems to be to me, the type of character that needs 0% of validation and recognition, just doing what they like to do and watching it work and be a success in the shadows is enough. And he already got the money as well, so given those facts, he many never come out from darkness again, I think he is done with even posting on forums for life.

Satoshi is at a different level from us. He thinks about the mankind and how we can live in a fair society. Our money does not devalue all the time.

Maybe he collects it himself

No, it is not necessarily for the person  who is awarded with the prize to show up. Here's what happened to Russian writer Boris Pasternak, as an example:

- https://en.wikipedia.org/wiki/Nobel_Prize#Refusals_and_constraints

Satoshi seems over qualified to me if that guy won the Nobel prize.

Today the Nobel price has become just another political tool, to spread and emphasize the pro-American ZOG propaganda. Look at the list of recent Nobel price winners. 90% of them (especially in the field of Literature, Peace, and Economics) were politically motivated individuals. It will be better for Satoshi Nakamoto to stay away from all this drama and farce.

He deserves it only because he solved the byzantine general problems alone, besides the actual Bitcoin software, but we know he will never get mainstream recognition, or not until it becomes way too obvious that he did an insanely important contribution to humanity, whill will take years for the general public to understand.

C`mon guys they give out nobel prize for nutjob keynesianists who are mostly chartatans.

Satoshi doesnt deserve to be associated with keynesian con-men, he is better than that.

I think Satoshi doesn't need to win it. Nobel prize has completely lost its values and has become just an instrument of the rich to justify their doings and to mislead the masses.

Exa-i mean Obama has won it, what else we need to say.But Noone value is obama bcoze Satoshi not need this type of Price

Sathoshi Is Great and i think he win nobel so him value lost so its better he WONT win NoBel price

I think the blockchain system and technology itself is more of a game-changing thing than Bitcoin, in all fairness. Blockchains could have applications in a lot more fields than just Bitcoin and cryptocurrency. That's what we should really remember Satoshi for.

That person had changed some lifes forever ,and left to us a big reward that will be used in the future for sure,with or without the nobel that i personal dont think they could give it to Nakamoto because those thing would say :Bitcoin and blockhain will sucess agains fiat and banks.

Satoshi Nakamoto, the person who created the digital currency Bitcoin, is our person of the year. 

Don't laugh.

Although to this day no one knows who Satoshi Nakamoto is (or are — for the latest theories check out Chart Girl's running chart) Bitcoin evangelists make the case that his true identity doesn't matter: what he's created is changing the world.

It's an assertion you hear a lot in the arts world too: you should know the man (or men, or woman — there's nothing to suggest Satoshi couldn't be one) by their works, not their biography.

This is a convincing argument.

Bitcoin wasn't the first digital currency (think World of Warcraft), and, as we've documented, wasn't the last.

But Satoshi managed to come up with something that is simply more farsighted and bulletproof than anything else, combining the best features of existing digital coins while adding his own perfections.

In particular, he addressed one of the biggest problems in online transactions: fraud. In the real world, it's the job of a centralized authority to prevent that from happening. But Satoshi figured out a workaround by cutting out that middleman: just make all transactions public, and have the entire community confirm a transaction is legit. "We have proposed a system for electronic transactions without relying on trust," Satoshi wrote in his 2008 spec paper laying out the currency — a line which, it now seems, will echo through generations.

Perhaps his most brilliant idea was making sure you couldn't hack the ability to create excess Bitcoins. Bitcoins are "mined" by computers unscrambling blocks of "hashes" or complex strings of numbers and letters. Satoshi's solution was to continuously increase the difficulty of unscrambling the hashes as more Bitcoins were created. As he wrote, "To compensate for increasing hardware speed ... the proof-of-work difficulty [the unscrambling] is determined by a moving average targeting an average number of blocks per hour. If they're generated too fast, the difficulty increases."

Even the folks behind hashcash, an early digital currency which Satoshi admits he was inspired by, had to admit Bitcoin was "an extremely clever innovation and invention," and "a first."

But why is Bitcoin such a big deal? Bank of America analyst David Woo's recent note best boiled down Bitcoin's three main uses: as a store of value, like gold; as a way to buy stuff online, and as a means for remitting money. And in most instances it's cheaper, easier, and more secure to do all these things with Bitcoin. The first two have been occurring since Bitcoin's birth, and the advent of the last one is imminent. In absolute dollar terms, Bitcoin has already surpassed Western Union for transaction volume, and is nipping at the heels of PayPal.

Of course this is all entirely subjective, and even Bitcoin's most passionate evangelists don't rule out that some technological or regulatory catastrophe could cause its value to plunge to zero.

When we decided to name Satoshi "Person of the Year," we considered who and what else has changed society in the past 12 months. We respect the actual choice made by Time — Pope Francis has a clear set of goals, is hyper aware of the issues of the day, and really lives his religion.

Obviously, though, we have a business bias. We were not about to give the title to Paul Volcker, whose rule, while extremely meaningful, does not possess the same kind of worldwide reach as Bitcoin. Ben Bernanke could have gotten it (and possibly the Nobel Peace Prize) every year since 2009, but consecutive years of basically doing the same great stuff rules him out for 2013. Carl Icahn made an extremely impressive case for putting the fear of god into companies, but he is not quite a household name.

Neither, of course, is Satoshi. But what were you talking more about over cranberry and stuffing a few weeks ago: Carl Icahn's Tweets? Or regrets about having not gotten in on Bitcoin sooner?

One final use of Bitcoin that is often under-discussed: its use as a solution for the "unbanked," or people without access to financial instruments. As with everything Bitcoin, this may seem far-fetched at first blush. How could people who may lack access to the Internet use Bitcoin? But investors have made the case that these communities would use their cell phones — which are widespread in the developing world — as the primary medium through which these people would interact with the currency. Possessing the ability to securely send and receive funds from your pocket is a big deal for someone without access to a bank account.

If that takes hold, Bitcoin could even begin nibbling at inequality — something Pope Francis could respect. 

You are talking about Peace Nobel Prize, and I admit peace variant is really overvalued, over hyped and decided mainly by political factors.
I am sure that 'normal' fields of knowledge are still highly regarded. Satoshi could won Economy Nobel with ease imo.

"Deaton's work has helped redefine how poverty is measured around the world". In my opinion, who will need this stupid work? I mean seriously? Poverty is right in front of their eyes and they need to define poverty? The definition of poverty is only for people who are rich as hell and never live where people who are poor live. Instead of that, why not give that prize to Satoshi Nakamoto? He created a innovative currency nowadays used by millions of people, thousands of its transactions made everyday. The meaning of Nobel Prize sometimes needs reconsidering

Satoshi's contribution to human being will be higher than that of all the Nobel prize winner of the last 50 years. He changed the way of issuance of money and made the banks as an option. He will be remembered for ever.

Yes, but he may not be remembered at a mainstream level. I mean, go on the street and ask around to random people "who created the internet?" Im sure that you will notice how most people has no idea, they know who created Facebook, not the internet.

So yes, Bitcoin will be huge, the protocol will make anyone holding 1 BTC millionaires in the next decades, but no one will know the roots, they will know about a successful service that gets made on the Bitcoin protocol, im assuming. Maybe Satoshi is really famous in the future because of the anonymous thing (which makes people curious) who knows.

Satoshi could even win a Nobel Peace Prize. With only one currency in the world, everybody has to work hard to earn it. There will be competition among nations, but there will be no full scale war.

…because the Nobel Prize has a large Jewish bias (http://janbiro.com/files/BIRO___THE_JEWISH_BIAS_OF_THE_NOBEL_PRIZE.doc) and Jews, who even today form part of the elite banking class, make their living in large part off usury, to which Bitcoin is immune (https://bitcoin.stackexchange.com/q/37839/4334).

Maybe Angus Deaton launched "Bitcoin" and used his sobriquet as "satoshi" (https://bitcointalk.org/index.php?action=profile;u=3) ;D

His generosity of not dumping his pre-mined coins may prove this! :P

There has recently been some news that Satoshi Nakamoto is going to be nominated for Noble Economics Prize ;D

He will be nominated for the Nobel Prize, which he is well deserved. I do not know if the Nobel Prize Committee will award the prize to an anonymous person, though. The nominator said he would accept the prize on behalf of Satoshi Nakamoto and send the prize money to Satoshi in bitcoin.
But it will take several years for the benefit of bitcoin to be seen. So Satoshi will not win the prize in the near future.

I think that he will win it now! The banks now love the concept of blockchain! and He has created a whole new economy with many digital currency ;D his contribution to Economy is enormous! I'm really looking forward to seeing Satoshi win this and maybe the father of bitcoin may show himself ;D

Yes. He might win the Nobel Prize for creating the blockchain technology, not for the bitcoin. Blockchain will be used in many parts of economy, including banks, account firms and public records, almost anything with data record.

In my opinion, if the blockchain techonology is applied more in banks or account firms, it would guarantee Satoshi's Nobel Prize

i think because he know that bitcoin popular yet,i mean using around the world..