MultiversX Tracker is Live!

When will Satoshi win the Nobel Prize in Economics?

Bitcoin Reddit

More / Bitcoin Reddit 202 Views

His whitepaper in , 9 pages, put the blueprint out for a solution that

i) Spawned a 2T market cap industry

ii) Created an incentive structure for independent actors to operate truthfully in maintaining a financial system

iii) Created one of the most robust security models known to date

iv) Lead to an entire nation state adopting a new legal tender

v) Motivated an entire segment of our global population to be ACTUALLY interested in economics

And obviously we could list another 1000 tangential accomplishments that came from this whitepaper. Obviously I know he did not singularly implement it but it is safe to say without his amazing foresight we could easily have never had this version of the industry.

I saw this on CNN today:

https://edition.cnn.com/2021/10/11/business/nobel-prize-economics-winner-2021-intl/index.html

Some guy predicted the effects of shifting the minimum wage. Not saying that isn't good work but objectively the impact is not even 1% of the way there.

Is it the case that these awards go out after x period of years? To be fair if he doesn't ever win it, I feel like it is more of a sign that the system is nepotistic and flawed but I also think if he does win then it is an important societal validation.

/rantover

submitted by /u/christianc750
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments