Satoshi Nakamoto nominated for the 2016 Nobel Prize in economics

Announcements | November 11, 2015 By:

UCLA professor of finance Bhagwan Chowdhry nominated Satoshi Nakamoto for the 2016 Nobel Prize in economics. The professor was asked by the Nobel Prize committee to nominate someone for the prize.

Chowdhry said likely candidates for the prize include Paul Romer at New York University, Doug Diamond at the University of Chicago, and Steve Ross at the Massachusetts of Technology, for the work they did in the 1970s and 1980s.

Chowdhry said in thinking about whose ideas have had a disruptive influence in the 21st Century, Nakamoto jumped to his mind. He noted that Nakamoto has not published in any of the scholarly economics or finance journals where one would normally look to for an honoree. But Nakamoto has published a 9-page white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System” which he posted on May 24, 2009 on the Internet.

While Nakamoto cannot be contacted, Chowdhry said that does not mean he does not exist. He exists online. Nakamoto has anonymously communicated with the computer science and cryptographic community. If he accepts the award, he will be able to communicate his acceptance.

Nakamoto could choose to send an acceptance speech which Chowdhry said he would be happy to present on his behalf.

Chowdhry added he is not looking to get the prize money by accepting the award on Nakamoto’s behalf. He said the Nobel committee can buy bitcoin from an exchange and transfer it to him. He noted there is a known bitcoin address for Nakamoto from an early transaction.