Ted Bauman’s Take on Bitcoin’s Future

Editor of The Bauman Letter, Ted Bauman describes himself as a Bitcoin Skeptic. He offers insight into the potential shortcomings of the bitcoin currency in view of its current capacity.

He creates a scenario set in 2020, at an airport parking garage to explain how a bitcoin currency will work in case you lose your real wallet and are left with no cash or cards. The alternative would be to rely on your virtual bitcoin wallet. After taking a tiresome flight and arriving at airport parking, you pay the fee and wait approximately 20 minutes to receive your ticket. This is the time frame you should expect to wait out in order for your transaction to process, provided that the underlying technology of bitcoin doesn’t change.

He concludes if things carry on the way they are at present, bitcoin is definitely not going to happen. However, he also mentions there are fixtures underway, which can potentially earn you profit if you play strategically.

Bitcoin is a cryptocurrency that is decentralized; this aspect makes bitcoin secure and untraceable. It cannot be subject to government manipulation either. Read more about Ted Bauman at talkmarkets.com

Bitcoins are created by expanding an algorithm – this is done through an intensive computer process called mining. Anybody sending or receiving bitcoins must wait for the mining process to be completed. This can be very time consuming,especially compared to credit card transactions, in which 150 million transactions are processed per day and up to 24,000 per second. The bitcoin network so far only processes about 6.5 transactions per day, taking up to 10 minutes per transaction.

Ted Bauman suggests reducing the amount of data processed in each bitcoin or enlarging the blocks so that more information can be processed at a time. Reducing the size of the block will speed up the transaction process. This can be done by adopting a segregated technology called SegWit2x, which a majority of bitcoin miners voted in favor of. However, shifting some data out of new data blocks can make bitcoin less secure. To counter this, bitcoin miners commenced a “hard fork”. The process uses a different technology to start a new chain of transactions and can’t technically be called bitcoin, so the miners call it ‘Bitcoin Cash’.

The SegWit2x proposal to alter bitcoin’s blockchain was revoked last week, which resulted in sellers resorting to Bitcoin cash. Bitcoin tanked for this reason.

Realizing the cons of bitcoin, there will be more forks like this in the near future as there seems to be no other way to resolve its drawbacks. However, owning bitcoin could be redeemed for whatever currency that is forked off next.

Ted Bauman is an analyst that offers foresight into future developments in many fields. He joined Banyan Hill Publishing in 2013 and currently serves as the editor of The Bauman Letter and Alpha Stock Alert. His expertise lies in asset protection, international migration issues and privacy. He also offers low-risk investment strategies. He is based in Atlanta, GA, where he lives with his family. Read more:http://thesovereigninvestor.com/precisionprofits/ted-bauman/

 

Ted Bauman, impacting the world of economics through knowledge

Ted Bauman, a resident of Atlanta GA in an editorial director at Bayan Hill publication. He specializes in privacy, asset protection, low risk investment strategies and international migration issues. He has worked as a fund manager in several non-profit organizations that funded housing projects of people earning low incomes. He has always had an interest in helping people to use their resources to achieve financial independence. Today, he gets to do this every day as a contributor to Bayan Hill.

They say experience is the best teacher. But it only teaches those willing to learn from it. Ted Bauman’s success in the world of finance has been dependant on his quick-learning ability. True, his degree from Cape Town University in economics and history gave him the academic training necessary to thrive in his field, but his ability to learn from every position he has been in has seen him acquire invaluable experience.

Even in his youth working minimum wedge jobs at Burger King and MacDonald’s, he picked lessons that helped him in managerial positions. Working in these low income jobs he came to understand that for any organization to stand, it has to equally care about the employee at the lowest level as much as it takes care of the employee at the top most level. This wisdom he applied in every managerial position he held. Visit Stock Twits for more info.

Ted Bauman says his most fulfilling job has been contributing to Bayan Hill Publication. Writing stories for Bayan Hill gives him a chance to educate the masses on issues that matter. However, his challenge has been being able to make matters of finance and economics appealing to readers while at the same time provoking them to think critically. To meet this challenge, he relies on his skills as a writer to make his stories easy to understand and appealing to the reader. He also keeps up with the trends and is constantly on the lookout for any shifts in the market. This makes him an apt analyst and a valuable contributor of the publication.

As the editorial director at Bayan Hill Publishing, Ted says that his greatest achievement is seeing the publication influence people’s thinking about their economy as a country and globally. He says that the stories they publish in the publication have seen readers start to question economic trends. This means that pretty soon there will be no need for another entity to decide on the trend to go with. This kind of critical thinking not only affords people options but also inspires innovation. It is therefore safe to say that Mr Bauman is playing an integral part in changing the world’s economy for the better.

Read:https://www.bloomberg.com/research/stocks/private/person.asp?personId=264684898&privcapId=109183793&previousCapId=109183793&previousTitle=The%20Sovereign%20Society

 

The amazing life of Jeff Yastine, the Chief Editorial Director at Banyan Hill Publishing

Jeff Yastine is the editor of the Total Wealth Insider. He joined Banyan Hill Publishing in 2015. This move was beneficial to Banyan because its popularity escalated. Jeff was the root of this fame because his skills and experience in the finance sector were one of a kind. He handled his duties with professionalism thus pushing the company forward.

Jeff worked as a financial journalist and a stock investor before he joined Banyan Hill Publishing. This gave him more exposure in his job and he grabbed as much as he could. He knew for him to get more job opportunities, he had to interact with as many people as he possible.

In his career, Jeff Yastine has specialized in Finance and investing where his passion lies. His urge to be a better business professional has given him numerous chances working with successful business people such as Warren Buffet and Michael Dell. He learned many tricks and techniques that he could make use of to improve his business skills.

Jeff has worked for many years as a columnist with PBS Business Report. His expertise was recognized and he was nominated for about 15 years for the Emmy. This was an indication that Jeff was upping his game as a finance professional. View Jeff Yastine’s profile at LinkedIn.

Jeff Yastine has gotten a chance to share his skills through his daily and weekly posts with the Banyan Hill Publishing. The readers get to learn about various things regarding business, investing and other related things. He also uses the Total Wealth Insider to teach and explain the stock markets and the trends in the economy. This benefits entrepreneurs and investors who make a lot of profits thus raising their living standards.

Other than that, Jeff has contributed to educating people and giving them ideas on various investments that will earn them huge amounts of profits that will last long. He gives guidelines on both local and international investments so the investor can settle on what suits him/her best. His tips have enabled small businesses to become stable in a short while and large businesses have increased their revenues by implementing his techniques.

Jeff has contributed to various firms such as hotels, restaurants, clubs, real estate firms and other businesses whose goal is to make profits. The experiences he got in the different firms have enabled him to give exceptional services in Banyan, the company he is currently working for. With him, Banyan has been globally recognized hence more clients are working with them.

Being philanthropic is another thing Jeff has a passion for. He was at the front line in helping the people of Katrina after the Hurricane in 2005. After the oil spill in 2010, he was there to offer any help needed. Jeff is not only living the life he wished but also contributing to making other people’s lives easier and better.

Read:https://www.stockgumshoe.com/tag/jeff-yastine/

 

Felipe Montoro Jens: Monitoring the Infrastructure of Brazil

Felipe Montoro Jens is a well-known businessman and infrastructure expert in Brazil. He is contracted by the government of Brazil as a consultant, overseeing several projects that are under the supervision of the Program of Partnerships and Investments, or PPI for short. One of his recent projects would be monitoring the auction conducted by the government to award several projects to private corporations. The auction took place in August, and 57 projects are slated to be given to private companies. The total amount of investment by the government is around the US $1.32 billion, and they are hoping for the projects to be finished before it hits the deadline.

Out of the 57 projects given to the private sector, more than half would commence in the second quarter of 2018. These include airports and other infrastructure projects across Brazil. It is also reported that several facilities owned by the government will be sold to private corporations, for them to manage. Felipe Montoro Jens agreed that the plan of the state to award several projects to the private sector would bring better results to the infrastructure network of the country. Other projects are scheduled to start in the latter part of 2018, and Felipe Montoro Jens will once again seat with several people from the government looking for solutions on how it will be awarded to the most deserving private company.

Some people are entirely against the PPI program of the government, but Felipe Montoro Jens explained to them that for a developing nation like Brazil, the PPI brings in a lot of help. In the past, Felipe Montoro Jens is instrumental in building airports, seaports, lighting, roads, and bridges all throughout the country. He is present at all hearing, and he has seen what the private corporations are offering the government to get the deal. With PPI, the government gets to choose which private company is willing to do the project for the lowest price with the best quality.