Daniel Leon, co-founder and COO of cryptocurrency lending platform Celsius Network, has proposed to award Bitcoin’s creator Satoshi Nakamoto the Nobel Prize in Economics.
Daniel Leon said that hundreds of thousands of people around the world were able to improve their financial situation precisely thanks to Bitcoin, and not to economists from academia. He stated this during a speech at the Mind the Tech NY 2021 conference in New York, organized by the Israeli edition of Calcalist and one of the largest commercial banks in Israel, Bank Leumi.
Leon offered to nominate Bitcoin’s creator for the Nobel Prize in Economics, since it was this man behind the pseudonym Satoshi Nakamoto who contributed to the economic prosperity of many people.
The Celsius COO believes that trust in centralized organizations is a thing of the past. He made it clear that you shouldn’t rely entirely on centralized organizations that stand between buyers and sellers, be they banks, payment systems or even government agencies. According to Leon, “power unties the hands, and absolute power corrupts.”
“When you lend money to a bank, it pays you 0.1%, but when you take out a loan from it, you have to pay about 7% per annum. Is it fair? Even worse, when a bank goes insolvent, the government bails it out, and when the government itself fails, it just prints money. Over the past 18 months, 30% of all dollars in circulation have been printed, ”Leon said.
He added that cryptocurrencies, in a good way, are turning the financial industry upside down. With the advent of bitcoin and other cryptoassets, people began to trust the code, not 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 several years ago. In 2018, a metal structure with the image of the Bitcoin logo appeared in the Slovenian city of Kranj. In addition, in September, the Budapest city government installed a bronze bust of Satoshi Nakamoto at the Graphisoft Business Park.
