the article is saying governments can outcompete Bitcoin by creating their own cryptocurrencies.  However, unless they are scarce like Bitcoin, I don't see why they would be likely to beat Bitcoin in the long run.  In other words, if a government creates a crypto coin but can still print money whenever it wants, why would people be interested in that? and if they do create a scarce coin like Bitcoin, then it will accomplish the same goal of Bitcoin, which is sound money.