Ethereum founder Vitalik Buterin has been nominated for the Nobel Prize.

The world of cryptocurrency is shaken by an unexpected development. The name of Ethereum's visionary creator, Vitalik Buterin, has begun to be associated with one of the world's most prestigious awards, the Nobel Prize in Economic Sciences. This situation is interpreted as a sign of the changing understanding of traditional economics and the revolutionary impact of Blockchain technology on the field of economics.

The Success of the Ethereum Founder Resonates in the Academic World

The creative economists of Marginal Revolution, Tyler Cowen and Alex Tabarrok, discussed the potential candidates for the 2024 Nobel Prize in Economic Sciences in their podcast published on October 8. During this discussion, the name of Vitalik Buterin, the co-founder of Ethereum and a computer scientist, came up as an "unusual choice."

Cowen argued that Buterin deserves the award, stating, "We can say that Vitalik built a platform and created a currency, which in the process disproved Mises' regression theorem. Clearly following in Satoshi's footsteps, but my God, what more does someone have to do to win a Nobel Prize?"

Tabarrok, who agreed with this view, further detailed Buterin's contributions. He likened Ethereum's transition from Proof-of-Work to Proof-of-Stake to "videos of guys in Saudi Arabia changing tires while the car is moving." This analogy was used to emphasize the difficulty and significance of the technological transformation Ethereum underwent.

Economists do not see Buterin's role in the cryptocurrency world as limited to technological innovations. His intellectual background and positive image in the industry are also considered important factors in his Nobel candidacy. Tabarrok described Buterin as "the intellectual and charming representative of the cryptocurrency world."

This development highlights the increasing importance of cryptocurrency and Blockchain technology in the world of economics. As the boundaries of traditional economic understanding expand, the innovations brought by the digital age can no longer be ignored. Buterin's candidacy is seen as an important step in the quest for legitimacy in the cryptocurrency sector.

The transition of Ethereum to the Proof-of-Stake mechanism is regarded as a significant step in terms of energy efficiency and sustainability. This technological leap is now also receiving recognition from the academic world. Buterin's work, his research on cryptocurrency economics, and the articles he has published make him worthy of being nominated for this prestigious award.