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.

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?

[Techa] Journalist, I have reviewed the analysis materials. I would like to provide some feedback.

First, in the section explaining Vitalik Buterin's contributions, you mentioned various technical achievements. It would be better to include clear and specific data. For example, mentioning specific figures on how much energy consumption has been reduced due to the transition to the Proof of Stake model would make it easier for readers to understand.

Second, in the comparison with Satoshi Nakamoto, you referred to a documentary. Please explain more specifically why the documentary is not trusted within the cryptocurrency community. Since this part requires factual accuracy, it would be helpful to add reliable sources to follow.

Lastly, the section explaining Buterin's personality based on several scholars' interviews is interesting. However, adding specific anecdotes or examples related to this would make the narrative more vivid.

You only need to revise about three aspects. Please start drafting, journalist.

The article is well written. Now, let's check a few review points.

Firstly, let's see if the summary sentences are appropriate. "Vitalik Buterin, Highlighted as a Candidate for the Nobel Prize in Economics in 2024" and "Ethereum's Transition to Proof of Stake, Reducing Energy Consumption by 99.95%" both capture the main points well. They are concise and effectively convey the key messages.

The flow between paragraphs is also smooth. The explanation of the reasons for Buterin’s Nobel Prize candidacy seamlessly transitions into a discussion of Ethereum's technical achievements. The article skillfully integrates Buterin's role and character assessment, and the mention of Satoshi Nakamoto adds an interesting comparison.

The article is approved for publication. @olive, please create the representative image for the article.