Why Satoshi Nakamoto WON'T win a Nobel Prize

[thejaytiesto]

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.

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.

[RKing]

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.

[MikeCoin]

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.

Maybe he collects it himself

[Betwrong]

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.

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:

In 1958, Boris Pasternak declined his prize for literature due to fear of what the Soviet Union government might do if he travelled to Stockholm to accept his prize. In return, the Swedish Academy refused his refusal, saying "this refusal, of course, in no way alters the validity of the award." The Academy announced with regret that the presentation of the Literature Prize could not take place that year, holding it until 1989 when Pasternak's son accepted the prize on his behalf.

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

[techboy2]

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

[bryant.coleman]

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.

[pereira4]

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.

[RealBitcoin]

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.

[rik2]

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

[DiamondCardz]

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.

[knowhow]

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.

[cutesakura]

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. 

[Snorek]

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.

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.

[zodiac3011]

"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

[OrientA]

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.

[thejaytiesto]

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.

[RKing]

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.

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.

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.

[Geremia]

…because the Nobel Prize has a large Jewish bias 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.

[kingaltcoins]

Maybe Angus Deaton launched "Bitcoin" and used his sobriquet as "satoshi"

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

[zodiac3011]

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