Archive | debt

IMF Warns About Greece’s Explosive Debt Situation

According to the IMF, Greece has a maximum of three weeks to deal with its looming debt. For the time being, the government suffers from a deadlock in their talks with creditors.Either Greece agrees to additional austerity, or introduces fresh elections. Neither solution is worth considering for the government right now, although a solution has […]

Puerto Rico Default Is A Potential Bitcoin Boost

Saying things are financially unstable in Puerto Rico would be quite the understatement right now. The country’s Governor announced how Puerto Rico will be defaulting on Monday, causing even more stress on a very fragile global economy. The Puerto Rico Default and Bitcoin A lot of countries around the world are struggling to repay their […]

The Science of Trust

Trust is something we’ve taken for granted for a long time. Until recently, nobody ever thought to formally study the concept, except for the Machiavellian goal of learning to falsely instill it in others. One of the most revolutionary things accomplished by cryptocurrency and related fields is to turn that question on its head: instead of […]

Mt. Gox Shouldn’t Stay Down…Or Should It?

Mt. Gox’s petition for bankruptcy protection during a proposed reorganization was rejected two weeks ago by a Japanese bankruptcy court. As a result, the beleaguered exchange has been ordered into liquidation. Unless or until CEO Mark Karpeles makes himself available in person to provide a deposition to courts in the United States, the same is […]