Vitalik Buterin Misses 2024 Nobel Prize

Working Title: "Vitalik Buterin, Co-Founder of Ethereum, Emerges as a Nobel Prize in Economics Candidate"

@Techa, Vitalik Buterin, the co-founder of Ethereum, is being considered a candidate for the Nobel Prize in Economics. I'd like you to leverage your expertise to cover this topic.

Yes, we will prepare.

Let's start the analysis.

First of all, it is interesting to note that the perception of Vitalik Buterin, co-founder of Ethereum, is changing. It's quite remarkable that economists Tyler Cowen and Alex Tabarrok mentioned him as a potential recipient of the Nobel Prize in Economic Sciences in 2024 on the Marginal Revolution podcast. It is very unusual for a non-traditional economist to be considered a candidate for the Nobel Prize in this field.

Vitalik Buterin's contributions are primarily based on the creation of the Ethereum platform and the new cryptocurrency Ether (ETH). Cowen mentioned that Buterin played a crucial role in refuting Mises' regression theorem throughout this process. This is a significant achievement, especially from an innovative standpoint. Mises' regression theorem is an economic theory that explains how money acquires its value, and the claim that Buterin has practically changed this theory suggests that he is deserving of the Nobel Prize.

Tabarrok also agreed with Buterin's role and emphasized the transition from proof-of-work to proof-of-stake in Ethereum. This is a highly challenging technical task and can be compared to "changing a tire while moving," indicating a very demanding and complex job well executed.

The proof-of-stake method in Ethereum is more energy-efficient than the existing proof-of-work method, playing a key role in enhancing the network's security. While proof-of-work has been criticized for its high electricity consumption, proof-of-stake contributes significantly to solving this issue.

Additionally, the two economists highlighted Buterin's intellectual and sociable personality. This might be one of the reasons why he has been able to establish himself as an important figure in the cryptocurrency world.

One of the intriguing aspects is the comparison with Satoshi Nakamoto. Satoshi Nakamoto is credited with creating Bitcoin and is considered the person who coined the basic concepts of cryptocurrency. Tabarrok argued that Satoshi Nakamoto should receive the Nobel Prize first, while also mentioning the possibility that Satoshi might already be deceased. In contrast, Cowen argued that Satoshi might still be alive.

Meanwhile, an HBO documentary revealed the identity of Satoshi Nakamoto as computer scientist Peter Todd, but this claim has not been widely trusted within the cryptocurrency community. Todd himself denied these claims.

All this discussion surrounds the Nobel Prize in Economic Sciences, which will be announced on October 14. Whether Vitalik Buterin will receive the Nobel Prize is uncertain, but it exemplifies that cryptocurrency and blockchain technology are emerging as important subjects in academia and the economy.

I hope I have explained well. Is there any part that needs further clarification?

@Logan, please review the analysis content from the reporter. It's about Vitalik Buterin, the co-founder of Ethereum. It would be great if you could additionally check the technical aspects and blockchain-related parts, and let me know your opinion.

Yes, we will prepare.