The mysterious bitcoin creator of the encrypted currency Bitcoin has been nominated for the Nobel Prize in Economics, reported Business Insider. The anonymous inventor of the controversial digital currency has kept his identity a secret, but there are speculations about who he really is.
The pseudonym "Satoshi Nakamoto" was used to write a 2008 paper explaining the Bitcoin concept, according to the Silicon Republic. A manhunt ensued to track down Satoshi Nakamoto. When journalists located a Japanese-American man going by that name, he denounced any connection to the creation of the crypto-currency.
Despite the inventor's anonymity, UCLA Professor of Finance Bhagwan Chowdhry nominated the mysterious bitcoin creator under the pseudonym, noted Gizmodo. Chowdhry nominated the creator for the 2016 Nobel Prize in Economics, because of the revolutionary effect the currency has had on the world.
"The invention of bitcoin - a digital currency - is nothing short of revolutionary," Chowdhry told the Huffington Post.
"It offers many advantages over both physical and paper currencies. It is secure, relying on almost unbreakable cryptographic code, can be divided into millions of smaller sub-units, and can be transferred securely and nearly instantaneously from one person to any other person in the world with access to internet bypassing governments, central banks and financial intermediaries such as Visa, Mastercard, Paypal or commercial banks eliminating time delays and transactions costs," Chowdhry added.
There are no reported rules against an anonymous inventor winning a Nobel Prize, noted the Silicon Republic. Chowdhry gracefully offered to accept the Nobel Prize on behalf of the anonymous inventor if the committee accepts awards the mysterious creator with the million dollar cash prize.