Allison Kingsley

Nota: Este archivo abarca los artículos publicados por el autor desde el 1 de diciembre de 2007. Para fechas anteriores realice una búsqueda entrecomillando su nombre.

A visual representation of the digital cryptocurrency bitcoin. Cryptocurrencies including bitcoin, ethereum and litecoin have seen unprecedented growth in 2017 — and extreme bouts of volatility. (Getty Images)

Digital currencies have been front-page news as the value of bitcoin, the most popular of the cryptocurrencies, continues to surge, albeit with wild fluctuations. Bitcoin backers argue that once digital currencies become widely used, governments will be unable to destroy them — users simply won’t allow it.

This view falls short on two points. First, digital currencies, even in their current form, are a bigger threat to national governments than most people currently understand.

Second, bitcoin’s success would also be its downfall. As bitcoin gains popularity, and especially if it stabilizes in value, it becomes a viable substitute for government-backed currencies.…  Seguir leyendo »