“Bitcoin remains sparsely adopted even a decade after its birth. We demonstrate theoretically that this limited adoption arises as an inescapable equilibrium outcome rather than as a transient feature.”
Franz J. Hinzen, Kose John, & Fahad Saleh, Grad Students, NYU · Bitcoin since: +601%
As published by SSRN
A little perspective.
Bitcoin on that day$11,467August 6, 2019
$100 at that price$700.57At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin’s Fatal Flaw: The Limited Adoption Problem” — Franz J. Hinzen, Kose John, & Fahad Saleh, SSRN, August 6, 2019. Bitcoin: $11,467.2. https://bitcoindeaths.com/posts/2019-08-06-bitcoins-fatal-flaw-the-limited-adoption-problem