Ted Bauman is a man who liked many different things when he was growing up. He grew up with a father who made his career in politics. Ted wanted to make his own way in the world and after high school, he emigrated to South Africa. He spent five years at college in the city of Cape Town and graduated with degrees in Economics and history. When he returned to the United States he moved to Atlanta, Georgia and wanted to help people grow and protect their wealth. In 2013, he took a job at Banyan Hill Publishing and writes a monthly newsletter called The Bauman Letter. When he talked to Ideamensch, Ted Bauman explained what his days are like and what excites him about the future.
Ted says he gets to work at home for his job. First thing in the morning he makes sure that his daughter is sent off to school. Once that is done he can go to work. He makes sure to write as much as he can because he thinks he writes his best material in the morning hours. On some days he wants to get as much work done as possible before the business day can get going. He is busy all day reading up on the latest financial stories and works until five in the afternoon. This is primarily how his weekdays fall into place. Read more about Ted Bauman at Bloomberg
He says what really excites him about the future of the financial world is that people talk about the economies of the world and how it will affect them down the line. He says that people who are aware of what is going on in the financial world are great. This allows them to be able to question what is happening in the financial markets around them. He also says that people are aware of the problems in the financial world and want to help fix what is wrong.
The Bauman Letter is a publication that gives people the strategies necessary to grow and protect wealth from government interference. It presents simple solutions that are attainable for the average person. That is the premise behind the newsletter that comes out once a month.
Ted Bauman is a man who wants to help as many people in a direct way as possible. He is not a person who wants to sugar coat things. He wants to tell it straight. Related: http://thesovereigninvestor.com/precisionprofits/ted-bauman/
Bitcoin has made headlines around the world and is now a household name, but what does that mean for you? Ted Bauman has a depth of knowledge in finances and investing, proven by many requests from influential clients ranging from the United Nations and the World Bank. He discusses bitcoin regularly on many platforms to include.
Bauman shines a light on why investors must be wary of the Bitcoin craze many investors may be faced with. Though the Bitcoin system is extremely secure and a person to person (P2P) transaction it is also dreadfully slow. Current forms of currency like paper or even credit cards are nearly instantaneous, with cash simply handing someone a coin or bill and getting change or a simple swipe of a credit card and your purchase is complete. Bitcoin, on the other hand, took over 11,000 minutes, or over 7 and a half days, for an average transaction on January 22, 2018.
Some may say that a long transaction is the price to pay for security. This may be true but let’s think this through. Let’s create a hypothetical scenario, a man is going on vacation and decides to fly to California to visit the beach. Knowing he will be flying he doesn’t take large bills and decides to rely on a credit card and Bitcoin. Once getting of the plane he realizes his wallet is missing. This is not good, but all is not forsaken since he has enough money in Bitcoins to enjoy his holiday. The issue now though is how will he pay for a rental car, or hotel, or food. If transactions can extend up to days to complete well the enthusiastic vacationer will be waiting to get a rental for much longer than he hoped and will waste away his vacation waiting on authorizations. Read more about Ted Bauman at Bloomberg
There are different forms of reducing the time for transactions, unfortunately due to security concerns friction from Bitcoin executives is persistent. This is to not disregard Bitcoin as established cryptocurrency. Bauman states work is being done to mitigate transaction times and work looks optimistic with steps such as Bitcoin Cash and continued work to decrease wait times. In the future Bitcoin may be a polished and exceptionally secure payment system, but for now don’t put all your coins in one cryptocurrency. Read:https://banyanhill.com/expert/ted-bauman/
Ian King is a businessman and investor who knows a few things about a few things in the world if financing, trade and commerce. One of the things that he holds quite a bit of knowledge about is the subject of the cryptocurrency. As a side note, cryptocurrency is something like it the term search engine; people think of the only search engine has Google, even though there are plenty of others that serve just as well. At the same time, everyone knows the name Bitcoin and think of it as the only form out there. This is not the case. Learn more at medium.com about Ian King for more updates.
If there is one person who understands this difference and is an authority on explaining the nuances of cryptocurrency to the layman as well as the investor it is Ian King. As a matter of fact, he is a bit of a cutting-edge all doing maverick thing, like the cryptocurrency itself. So, it’s only fitting that he knows all about it. As a matter of fact King knows so much about it that he works with Banyan Hill publishing as an expert in crypto markets. Besides his inside and knowledge on the subject, he is poised to provide trading services centered on this type of currency.
Underneath all that poise, experience and slick veneer, Ian King is a traitor plain and simple. It’s about the bottom line with him. And, the bottom line with cryptocurrencies is that any fool can see these currencies are the future. And, they’re going to be big. For those who are not fools and want to get the best out of their trades from this form of currency Ian King is a go-to guy. The best reason to make in King a go-to guy for these trades is his mentality on the subject. Through years of investing he knows that nobody knows it all. This method of life learning in business is what brought him to the subject of cryptocurrency in the first place.
His insight on the reality of this method of exchange is somewhat altruistic. Cryptocurrencies serve two major purposes that traditional forms of money do not. For one, there is no middle man or overseer who monitors these transactions. And second of all, these forms of currency are headed towards a way of complete autonomy. In the future this makes them the best choice for investors to get it in on ground floor investments. As a pioneering cryptocurrency trader, Ian King is positioning himself to be quite the man to know in the years to come, as when this currency booms like the internet did. View:http://www.talkmarkets.com/contributor/Ian-King/
With the rise of decentralized cryptocurrencies, especially bitcoin, experts such as Ted Bauman have concerns with the technology concerning scalability, reliability, and speed compared to more mainstream forms of currency exchange. Compared to current credit card technology that can process 24,000 transactions per second, bitcoin’s process can process less than 7 and can take about ten minutes to complete. While this may be considered an acceptable loss for the advancement of technology when you are casually purchasing something off of a website, the scenario completely changes when time is of the essence. Imagine trying to quickly order a coffee from your favorite shop that just adopted bitcoin technology. Read more at banyanhill.com to know more on Ted Bauman
This problem is largely based on what bitcoin is and where the data is stored (or more accurately. There is no physical currency or database attached to bitcoin, instead the data is spread across a large, decentralized network. While the decentralized nature makes bitcoin private and unattached to any government entity, it leaves the industry mainly unregulated. Many people are taking this risk though and bitcoin reached over $3,300 per unit in August 2017. What started out as a niche market to purchase shady things off the internet has quickly become a serious investment to many despite its risky nature.
As the technology becomes more widespread, the wait times will only become worse unless something is done about it. Unfortunately, nobody seems to be able to agree on what should be done about the problem without sacrificing security.
Ted Bauman was born in Washington D.C. and later emigrated to South Africa where he received two post-graduate degrees in Economics and History from the University of Cape Town. Currently living in Atlanta, Georgia with family, Bauman has worked as a consultant for diverse clientele such as the South African goverment, the United Nations and the World Bank. He has also worked on various different international housing projects as well as specializing in privacy, asset protection, and low risk investment strategies. Ted Bauman personally believes that diversifying your business and wealth both in location and strategy is the best way to ensure the safety of your wealth now and in the future. Learn more:https://medium.com/@TedBauman