The Nobel Economics Prize should have been won by Satoshi Nakamoto

The Nobel Economics Prize should have been won by Satoshi Nakamoto, says the internet.

Ben Bernanke, an ex-US Federal Reserve chairman, has won the Nobel Prize for economic sciences. The Nobel panel in Stockholm said Bernanke’s research shows “why avoiding bank collapses is vital.” In other words, why quantitative easing (printing tons of fiat money) is the solution.

The Internet: Um no

Of course, Twitter lit up at the thought of the idea that banks should be propped up at all, let alone be given an award for it.

The conviction that Satoshi Nakamoto (the pseudonym for the creator of Bitcoin) should have won the Nobel Prize has been around for quite some time.

Something most people don’t know, is that in 2016, Nakamoto was nominated to receive the Nobel Prize in economics. Bhagwan Chowdhry is an economics professor at the University of California. He says the technology spawned by Satoshi is the most significant development of the 21st Century. He argued that the technology will have wide applications in the future of finance.

“I can hardly think of another innovation in the field of economy in recent decades with such influence. Satoshi Nakamoto’s Bitcoin Protocol has spawned exciting innovations in the FinTech space. The contribution of Satoshi Nakamoto will not only change the way we think about money, but it should also affect the role that central banks play in conducting monetary policy, destroy expensive transfer services; and elimina