American computer scientist and cryptographer Nick Szabo has suggested that cryptocurrencies such as Bitcoin will begin to be used far more frequently as rescue packages for struggling economies, particularly in nations hit by sanctions, and that gold will be heavily supplemented by cryptocurrency in the future. Countries currently facing sanctions from the US alone include Cuba, Venezuela, North Korea, Iran, Zimbabwe, Syria, Russia, Somalia, Sudan, and Yemen. To date, Venezuela has been the most prominent in adopting a cryptocurrency solution for its failing economy, with Zimbabwe and Iran also turning to a central ... (full story)