Thursday, November 12, 2015

Bitcoin creator nominated for the 2016 Nobel Prize in economics

On Nov. 9, Satoshi Nakamoto, the believed inventor and creator of the crypto-currency Bitcoin, was nominated for the 2016 Nobel Prize in the field of economics by a UCLA finance professor.  In his submission, Professor Chowdhry cited the revolutionary vision that bitcoin has brought to the concepts of money and crypto-currency, and how it has the potential to change commerce as we know it in the 21st century.
Nakamoto is believed to have created the first crypto-currency in 2009, using block chain technology and a platform of de-centralized money that can be used outside of the banking system, and on tools as small as a Smartphone.


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