Ted Bauman: Bitcoin serious flaws

The Bitcoin craze continues to this day, even with some hiccups along the way. Ted Bauman recently discussed the reality of Bitcoin becoming a serious form of currency. His concerns focus around the lengthy transaction processing time. He believes it can not be taken seriously as a currency if a user has to wait more than 40 minutes for a single transaction to complete. Learn more at Crunchbase about Ted Bauman

What makes a currency relevant is the ability to process transactions in a secure and efficient manner. Ted Bauman compared Bitcoin with Visa, which can process nearly 1,700 transactions per second, while Bitcoin can only process 6.5 transactions per second. As more people continue to buy into Bitcoin, the processing time will become longer, while creating an even longer waiting time.

Technology experts have attempted to solve this problem but nobody has been able to find a fix. Ted believes it is because of the need to balance speed and security. To speed up transaction times, there are two ways of doing it. First, the amount of data processing needs to be reduced. Second, you can increase the size of the data blocks being processed. However, if you attempt both these options, some data is being made less secure by falling out of a blockchain.

Ted Bauman is the editorial director for Banyan Hill Publishing. He started there in 2013. Along with Banyan Hill Publishing, he is also editor of The Bauman Letter, Plan B Club and Alpha Stock Alert. His specialties include privacy matters, asset protection, low-risk investments and matters concerning international migration. Visit Ted Bauman at medium.com to know more

Ted Bauman was born in the nation’s capital but raised in Maryland. As a child he emigrated to South Africa. Ted Bauman attended the University of Cape Town and studied economics and history. While in South Africa, he spent 25 years working different executive positions with several nonprofit organizations. Ted Bauman works to help people life a life free from government interference and corporate greed. Ted Bauman now lives with his family in Atlanta, Georgia. Ted Bauman has worked with a variety of ocmpanies including SouthStar Energy, Sapient, Mirant Corporation and the Structure Group. Ted Bauman graduated from the State University of New York with a Bachelor’s in Business Administration. He earned his master’s from Georgia State University. Ted is also the founder of Slum Dwellers Internationals, which helps over 14 million people in 35 different countries. Ted continues to help those who need his sound advice.

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Igor Cornelsen’s Optimistic View of Investing in Brazil in the Future

For quite some time, during the years of election and political instability in Brazil, the nation suffered from financial problems for about four years of high inflation and a few relationships with the exterior market having to be cut down for the country to recover from the economic crisis.

During these years, Brazil did something fascinating: They invested in their national companies, in the workers, and kept incentivizing the population to invest their money in helping the country grow to the magnitude that it had before the crisis. Follow Igor Cornelsen on twitter.

Nowadays, by the end of 2017, Brazil suffered only 3% of inflation, an achievement and one of the lowest percentages of increase in decades. It was a big victory for the Brazilian people.

For 2018, things are looking even brighter. The economic instability has been handled, and the nation is back to doing business again with all sectors of the outside market.

Because of this revamp and revitalization, Brazil is once again one of the more attractive nations to invest in. Their potential to grow for the next couple of years has been confirmed by most of the investors in countries like China, Chile, and even the United States. Brazil is looking very promising.

One of the biggest authorities in the subject confirmed the potential for greatness in the upcoming months regarding investments in the Latin-American country. Igor Cornelsen, an investor and a master at evaluating the economy, waited a long time for 2017 to come. Igor never gave up on the Brazilian industry.

According to him, however, the wait paid out. Right now, Igor Cornelsen is profiting with markets that are once again profiting hundreds of times their initial investment values. Igor shared some of his beliefs on why the market is looking so bright for the Brazilian people. Igor said that, before the crisis, being the owner of your own business was a risky and scary step forward that most Brazilians avoided. However, after the events that haunted 2015 for the nation, Brazilians of all ages between 18 and 64 have decided to start their own entrepreneurial paths, and some of the major successes that these different generations had are boosting the economy of the country forward.

However, caution is advised by the big investor and successful financial administrator. According to Igor Cornelsen, there are a couple of limitations and regulations that you need to be aware of when trying to delve into the Brazilian market.

Whenever you want to spend a dollar in Brazil, you need to convert it to their coin, the “Real.” Now, be happy, because Dollar is currently worth between 3.20 and 3.30 of the Brazilian currency, so expect your savings to be worth a considerable amount in Brazil.

Igor Cornelsen concluded that he has high hopes for the future of investments in Brazil.

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