# Joint research on bitcoin's limited adoption by Professor Kose John and PhD student Franz Hinzen is highlighted

1 Faculty News November 21, 2019 ![Macroblog_logo_190x145](/sites/default/files/styles/246w/public/assets/images/frba_line_logo_190x145.png?itok=iNXLf2RE)>

Excerpt from [Macroblog](https://macroblog.typepad.com/macroblog/2019/11/private-and-central-bank-digital-currencies.html?item=7D3E39AA-8AE1-4C9C-9BC0-7EE9A6C78FE7) -- "The introduction of Bitcoin has sparked considerable interest in cryptocurrencies since its introduction in the 2008 paper 'Bitcoin: A Peer-to-Peer Electronic Cash System' by Satoshi Nakamoto. However, for all its success, Bitcoin is not close to becoming a widely accepted electronic cash system. Why it has yet to achieve its original goals is the topic of a paper by New York University professor [Kose John](https://www.stern.nyu.edu/faculty/bio/kose-john) and NYU Stern PhD student Franz Hinzen, along with McGill University professor Fahad Saleh titled "Bitcoin's Fatal Flaw: The Limited Adoption Problem."

[Read More](https://macroblog.typepad.com/macroblog/2019/11/private-and-central-bank-digital-currencies.html?item=7D3E39AA-8AE1-4C9C-9BC0-7EE9A6C78FE7)