His whitepaper in , 9 pages, put the blueprint out for a solution that
i) Spawned a 2T market cap industry
ii) Created an incentive structure for independent actors to operate truthfully in maintaining a financial system
iii) Created one of the most robust security models known to date
iv) Lead to an entire nation state adopting a new legal tender
v) Motivated an entire segment of our global population to be ACTUALLY interested in economics
And obviously we could list another 1000 tangential accomplishments that came from this whitepaper. Obviously I know he did not singularly implement it but it is safe to say without his amazing foresight we could easily have never had this version of the industry.
I saw this on CNN today:
https://edition.cnn.com/2021/10/11/business/nobel-prize-economics-winner-2021-intl/index.html
Some guy predicted the effects of shifting the minimum wage. Not saying that isn't good work but objectively the impact is not even 1% of the way there.
Is it the case that these awards go out after x period of years? To be fair if he doesn't ever win it, I feel like it is more of a sign that the system is nepotistic and flawed but I also think if he does win then it is an important societal validation.
/rantover
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