Director of Operations at Celsius Network: “Satoshi Nakamoto deserves the Nobel Prize” – Bits Media

Co-founder and COO of cryptocurrency lending platform Celsius Network Daniel Leon proposed awarding Bitcoin creator Satoshi Nakamoto the Nobel Prize in Economics.

Daniel Leon (Daniel Leon) said, that hundreds of thousands of people around the world were able to improve your financial situation thanks to Bitcoin, not academic economists. He stated this during a speech at the Mind the Tech NY conference. 2021 In New York, organized by the Israeli publication Calcalist and one of the largest commercial banks in Israel, Bank Leumi.

Leon proposed nominating the creator of Bitcoin for the Nobel Prize in Economics, because this is the person, hiding behind the pseudonym Satoshi Nakamoto, contributed to the economic prosperity of many people.

Celsius COO believes, that trust in centralized organizations is becoming a thing of the past. He explained, that you shouldn’t rely entirely on centralized organizations, standing between buyers and sellers, be it banks, payment systems or even government agencies. According to Leon, “the authorities give a free hand, and absolute power corrupts.”

"When you lend money to a bank, he pays you 0.1%, but when you take out a loan in it, you have to pay approx. 7% annual. Is it fair? What's worse, when a bank becomes insolvent, the government bails him out, and when the state itself fails, it just prints money. For the latter 18 months was printed 30% all dollars, in circulation", - Leon said.

He added, that cryptocurrencies are turning the financial industry upside down in a good way. With the advent of Bitcoin and other crypto assets, people began to trust the code, and not to intermediaries. Therefore, users can instantly transfer huge amounts of money with incredibly low fees and be confident, that “everything will go according to plan”, concluded Leon.

Bitcoin began to find grateful fans a few years ago. IN 2018 In 2009, a metal structure with the image of the Bitcoin logo appeared in the Slovenian city of Kranj. Besides, in September, the Budapest city administration installed a bronze bust of Satoshi Nakamoto in the Graphisoft business park.