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Crypto users renew calls for Satoshi Nakamoto to win Nobel memorial prize for economics

14 Oct, 20223 min readBitcoin
Crypto users renew calls for Satoshi Nakamoto to win Nobel memorial prize for economics

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

On Oct. 10, the Royal Swedish Academy of Sciences announced three recipients of the economic prize — former Federal Reserve chair Ben Bernanke, and U.S. economists Douglas Diamond and Philip Dybvig — for “research on banks and financial crises.” Many crypto enthusiasts have argued for years that the pseudonymous creator of Bitcoin (BTC) was the most deserving candidate for the economic award, first instituted in 1968, “according to the same principles as for the Nobel Prizes that have been awarded since 1901,” according to a description from the institution.

“In 2008, Bernanke printed money to bail out banks who proliferated a subprime debt bubble that caused a global financial crisis,” said crypto artist Lucho Polleti on Twitter. “Satoshi created Bitcoin, a money system that gives all humans economic freedom through the separation of money 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 "Pomp" Pompliano, have previously said Satoshi was entitled to more than just an economics prize. Pomp tweeted in 2019 that the BTC creator deserved the Nobel Peace Prize by establishing “a currency that can assume global reserve status without anyone having to engage in violence.”

Satoshi Nakamoto deserves the Nobel Peace prize and the Nobel prize for Economics. — McKenna (@Crypto_McKenna) October 10, 2022

Others like Blockstream chief strategy officer Samson Mow have argued neither award applies as they’re emblematic of an outdated system: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 node. — Samson Mow (@Excellion) October 10, 2022

It’s unclear if Satoshi would be eligible to receive either prize, given their identity has never been publicly revealed. It could make more sense to honor other known early contributors to the ecosystem, such as former BTC core developer Gavin Andresen, or developer and recipient of the first Bitcoin transaction, Hal Finney. However, Finney passed in 2014 and a Nobel Prize "cannot be awarded posthumously" according to the statutes of the Nobel Foundation.

Though not the winner of the economics prize this year, Satoshi has been publicly honored by many crypto users in a variety of ways. In September 2021, a crypto group set up a bronze statue of the legendary Bitcoin creator at a park in Budapest. Nakamoto continues to be the subject of crypto-related art, memes, online discussions, and speculation as to their identity — as an individual or group.

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