Vitalik Buterin Nominated for Nobel Prize

Vitalik Buterin has been highly regarded by two renowned economists for the Nobel Prize in Economics, which will take place on October 14.

Vitalik Buterin Nominated For Nobel Prize

In the podcast episode of “The Marginal Revolution” aired on October 8, 2024, renowned economists Tyler Cowen and Alex Tabarrok engaged in a lively discussion about the potential candidates for the upcoming Nobel Prize in Economics.

https://www.youtube.com/watch?v=A2FZvEQmADc
https://www.youtube.com/watch?v=A2FZvEQmADc

In addition to familiar figures in the field of economics, such as Michael Woodford with his work on monetary theory, Susan Athey with her contributions to machine learning, and Ariel Pakes in industrial organization, the two experts made a bold prediction: Vitalik Buterin, the founder of Ethereum, could be a strong contender for this prestigious award.

Tyler Cowen lavishly praised Buterin’s significant contributions to the field of monetary economics, particularly in the realm of cryptocurrency. He emphasized that Buterin’s achievements surpass those of any other economist in this area.

“Vitalik didn’t just create a platform; he created a new currency. In many ways, he has challenged Mises’ regression theorem, following the extraordinary success of Satoshi Nakamoto. It’s hard to imagine anyone doing more to deserve a Nobel Prize,” Cowen remarked.

Both economists lauded Buterin’s extraordinary effort in transitioning Ethereum from a Proof-of-Work (PoW) mechanism to Proof-of-Stake (PoS) through the September 2022 Merge, without causing any network disruption.

Tabbarok quipped: “Have you ever seen those videos from Saudi Arabia where people change a car tire while it’s still moving? That’s exactly what Ethereum did. It’s truly phenomenal!”

Beyond his technical expertise, Cowen also praised Buterin’s personal qualities, describing him as “very polite” and saying he would be “an excellent candidate at the award ceremony.” Cowen further acknowledged Buterin’s substantial philanthropic efforts, amounting to millions of dollars.

Related: Vitalik Buterin Continuously Selling Memecoins for Charity

Notably, in 2018, the University of Basel awarded Buterin an honorary doctorate in recognition of his immense contributions to the development of blockchain technology.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, commonly known as the Nobel Prize in Economics, is scheduled to be announced on October 14. Regardless of the outcome, the mention of Vitalik Buterin as a potential candidate reflects the growing influence of blockchain technology and cryptocurrency on the modern economy.

(1 vote)

5.0/5

(1 vote)

Latest

Binance Announces 24th Project On Holder Airdrop Newton (newt)

Altcoin | Editor Choice

Binance Announces 24th Project on Holder Airdrop: Newton (NEWT)

Binance has announced the 24th project on its Holder Airdrop page, which is Newton (NEWT), and it will be listed on June 24, 2025.

Bitcoin Surges To $106,000 On Middle East Ceasefire And Rate Cut Expectations

News | Bitcoin | Editor Choice

Bitcoin Surges to $106,000 on Middle East Ceasefire and Rate Cut Expectations

Bitcoin surged past $106,000 after President Trump announced a ceasefire between Israel and Iran, reigniting hopes for geopolitical stability and global monetary easing.

Pi Network Faces Challenges Ahead Of Pi2day Amid Market Downturn

News | Editor Choice | Pi Network

Pi Network Faces Challenges Ahead of Pi2Day Amid Market Downturn

With just days left before Pi2Day, the Pi Network community is hoping for a price boost from major announcements — but geopolitical tensions and Pi Coin’s steep decline may dim those hopes.

What Does Former Binance Ceo Say As Bitcoin Falls Below $100k

News | Bitcoin | Editor Choice

What Does Former Binance CEO Say as Bitcoin Falls Below $100K?

As Bitcoin plunges below $100,000 amid geopolitical tensions, former Binance CEO Changpeng Zhao reassures the community that this is merely a dip before the next all-time high.

Pi Coin Founder’s Reaction To Being Called A Scammer

Editor Choice | Pi Network

Pi Coin Founder’s Reaction to Being Called a “Scammer”

While the price of PI is struggling around the 0.5 USD mark, the founder of Pi Network, Nicolas Kokkalis, has unexpectedly been labeled a "scammer."