The Bitcoin Policy Institute published research rejecting the conclusions asserted in a 2022 paper titled “Bitcoin’s Limited Adoption Problem.”
A team of researchers from the Bitcoin Policy Institute, a non-profit think tank, have roundly rejected the conclusions reached in a 2022 paper claiming that Bitcoin has an intrinsic scaling problem that will lead to limited adoption in the future.“Bitcoin’s Limited Adoption Problem,” is predicated on three faulty assumptions.
“Hinzen, John, and Salah argue that the design of the Bitcoin protocol results in a negative network effect […] this is an interesting theoretical result, but rests on faulty assumptions about how bitcoin actually works.”
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