Ted Bauman Warns About Bitcoin’s Bad Copies

Meet Ted Bauman

When it comes to interesting backgrounds, Ted Bauman certainly has one. He was born in Washington but emigrated to South Africa where he lived for 25 years. He graduated from a prominent University of Cape Town with degrees in both History and Economics. As a part of his international experience, Bauman has traveled to as many as 75 other countries where he helped millions of people with housing projects.

Nowadays, Bauman works in Atlanta and works as an editor for the Banyan Hill Publishing. His articles present a great deal of informative and engaging short reads that this media outlet has to offer for prospective and current investors. Most of his topics are focused on areas of finance and current trends in the business world, but he also gives tangible advice on matters such as retirement.

As a part of his extensive traveling throughout his life, Bauman has learned how to best preserve a good portfolio that will be profitable. One of the most important tips he gives is to station capital in multiple countries around the world. This will ensure a geographical diversification that reduces risk and minimizes potential losses.

What does Bauman Cryptocurrencies?

One can hardly discuss currency issues with anyone more qualified than an individual who has probably seen 90% of the world’s total currencies. Bauman, however, is a strong opponent of the latest craze in the virtually-based coins such as Bitcoin. One of the main reasons why he believes this industry is more based on enthusiasm than substance is the sheer number of ICOs that have been happening.

An ICO is the initial coin offering that companies organize to raise funds for their cryptocurrency. Since Bitcoin received recognition, there have been as many as 20 ICOs every single month. This means that almost 150 cryptocurrencies get launched every year. Sadly, the group of investors that Bauman calls “desperate” are the ones who will fall for this kind of offer.

The writer also dislikes the obvious lack of regulation when it comes to this industry. Since it is relatively new, Congress has not had a chance to limit the seemingly wide-spread reach of things like Bitcoin, something that Bauman thinks is not the best case scenario for a market nor economy. By putting a lot of capital into these investments, people could easily find themselves left empty-handed when the reality meets the hype.

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Igor Cornelsen And Exploring Options

One of the best ways for one to succeed is to take note of his options and make the best use of them. One’s potential is as limited as his mind is. In this world, it is not only good to have an open mind, but success actually depends on it. Many cases of success involved someone doing something that others said was impossible. For one thing, it is that drive to achieve something that has not been achieved before that motivates one to pursue his goals. Among the goals that one should pursue is success in investments. In order to do that, he needs to find someone to take advice from.  Read more at wikidot.com to know more about Igor Cornelsen

One person that people can look to as an example is Igor Cornelsen. He is someone who has made it a point to explore all of the different options. As a result, he was able to make sure that he is making a ton of profits. He looked at different assets that he could invest in. Given his experience, he knows how to spot a success and a potential failure. He makes his choices based on the signs he has learned to look for. This is why many people admire what Igor Cornelsen is doing.

One of the best approaches one could take is getting income from multiple sources. For instance, one can work a regular job and gain active income while building up passive income. Therefore, people will eventually see the success they need while saving up a lot of money. Once they have enough money saved up, they will be able to do a lot of different activities like pay off all of their debt, retire comfortably, travel, or any other activity that they dream about. This is one of the many benefits of exploring options.

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Robert Santiago’s Walk to Success

Roberto Santiago was born in Joao Pessoa in Brazil. This would also be the place where he would find his success. He received a degree in Business Administration. Mr. Santiago worked at the Cafe Santa Rosa. Cafe Santa Rosa was a decor manufacturing company. His passion for business is what inspired him to start his own business. This is when he started the Cartonnage Company. The mall was built in 1987 and launched in 1989.

 

He sold cartons that were made of cardboard. After the Cartonnage Company made him a good amount of profits Mr. Santiago started investing in real estate. This decision to invest helped to establish him as a businessman. Mr. Santiago’s determination in buying and developing land lead him to create the Manaira Shopping Mall. The mall is located in the city of Joao Pessoa and there are 280 stores. The mall accommodates families giving them plenty to do. The Manaira Shopping Mall has a gym, a gaming area, a concert hall, food court, theater, a college and financial institutions. The Domus Hall in the mall has enough space to hold graduation ceremonies, conferences, exhibitions, weddings, and many other types of gatherings. The hall has caught the attention of Brazilian and International artists. In the present time, the Manaira Shopping Mall has 1.6 million visitors monthly.

 

Robert Santiago had developed another mall in 2013. The mall is known as Mangeira. This has enabled him to make economic and social improvements in the city of Joao Pessoa. Economically it has helped employ many people and has helped attract other businesses. Mr. Santiago’s investment skills were put to the test in the 2015 economic crisis. Many business sectors were crashing, but the malls were not affected by this crisis. Investors were attracted to this type of economic strength.

 

Mr. Santiago plans to continue to reinvent and develop tour centers. He wants to enhance growth in sales and leisure. The success he has attained is due to Mr. Santiago working hard, being persistent, passionate and his commitment to making the best malls possible. His advice to up and coming entrepreneurs in Brazil and all around the world is to start to see their business ideas and vision come to life. Mr. Santiago is one of the most legendary entrepreneurs in Brazil. He is also one of richest men in Brazil. He is also known to be a proficient writer as well. He is a man of many talents.

 

Ted Bauman breaks down the limitations of Bitcoin as a Currency

     Just the other day, Ted Bauman took made some damning revelations about bitcoin’s capability to be used as a currency if its underlying technological infrastructure is not fundamentally improved in the near future. As currently formulated, bitcoin leaves a lot to be desired especially when it comes to the unreasonably long transaction processing time. He openly shared his reservations about the capability of bitcoin being used as a currency considering that users have to wait for an average of 10 minutes for a single transaction to complete processing successfully. According to him, this is made even worse with reports of some users who have had to wait for up to more than 40 minutes to process a single transaction as one user reported.

Basically defined, Bitcoin is a digital encrypted currency that only exists within a network of computers. This network is decentralized; meaning each computer on the network contains all the information about all transactions happening on the system and it updates in real-time. This decentralized approach is what makes bitcoin private, secure and also free from manipulation from governmental agencies such as the central bank.

Ted explains that the basic and fundamental use of any given currency is to basically process transactions in a secure and timely manner. He compares it with other transaction methods such as Visa which processes up to 1,700 transactions per second. Bitcoin fairs very poorly against this standards as it currently processes 6.5 transactions per second and it actually expected to worsen as more people adopt the use of bitcoin.

Efforts have been made to help curb this challenge but things are yet to look up. This is because of the tradeoff between the speed of processing transactions and the security and stability of the system as a currency. An increase in the speed of processing transactions can only be achieved by either reducing the amount of data being processed in each bitcoin mining block or increasing the size of the blocks of data being processed so that a lot more information can be processed at once. Both of these methods require some movement of data out of the blockchain which potentially reduces the security and stability of the currency.

About Ted Bauman

Ted Bauman is the Editorial Director at Banyan Hill Publishing. He is also the editor of Plan B Club, The Bauman Letter, and Alpha Stock Alert. His expertise is in asset protection, privacy issues, international migration and low-risk investment.