Monthly Archives: December 2017

Ted Bauman challenges bitcoin relevance

Bitcoin’s possibility of becoming the next great currency has become an issue debated by thousands all over the world. Bitcoin is the one currency that is not being controlled by banks and the government. Despite all that Ted Bauman pointed out that Bitcoin faces a massive hurdle in becoming the new currency. Ted Bauman says that in order for a currency to really take off, its transaction time must be fast.

Ted Bauman fired back at Bitcoin for their long transaction processing time. Bauman says its not a real currency if you have to wait more than 40 minutes to process transactions. He compared Bitcoin’s capability to Visa which can process up 1,700 transactions per second, with the ability to process up to 1,700 transactions per second. Bitcoin is currently only capable of processing 6 transactions per second. As more people buy into bitcoin, the processing time will get longer and longer, as more people join the waiting line.

Attempts have been made to solve this massive problem but no breakthrough has been made. Ted Bauman believes this is because of a number of reasons. One of them and most importantly is the tradeoff between speed and security. To increase processing time, either the amount of data being processed needs to be reduced or increase the amount of data being processed so that more info can be processed at a time.

Ted Bauman is the editorial director at Banyan Hill Published. He is also currently the editor of The Bauman Letter, Plan B Club and Alpha Stock Alert. Ted Bauman specializes in protection and privacy matters and also low-risk investments. Ted Bauman was born in Washington D.C. and later moved to South Africa. Ted Bauman attended the University of Cape Town, studying Economics and History. Ted Bauman spent 25 years in the nonprofit sector working as an executive with several organizations. Ted Bauman dedicates his life to helping others lead a life, free from governmental oversight and corporate greed. He is currently based in Atlanta, Georgia. One organization that Ted Bauman founded was Slum Dwellers Internaitonal, which has helped over 14 million people.

Ted Bauman continues to help people within the financial industry. Ted Bauman earned his Bachelor’s degree in Business Administration from the State University of New York. He later earned his MBA from Georgia State University. Ted Bauman continues to publish his own writings across a variety of platforms.

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

Igor Cornelsen’s take on Brazilian Banking

At the end of 2014, Brazil’s bank left investors scratching their heads. PRnewswire.com made the first post of this article. Itau Unibanco (ITUB) and Banco Bradesco (BBD) had their moments. Their shares rose by a third at the end of the third quarter of 2014. Plus, they had steady profit increases. Itau’s net profit grew by 36% at the end of the third quarter, and Banco Bradesco’s profit rose 28%.

Igor Cornelsen is a top Brazilian banking expert. He stated the secret is to know the investment market and their successes during the rough years. Mr. Igor Cornelsen said the best thing to do is to give investors a sense of security by putting reforms in place. It will help to spur economic growth.

Brazil is one of the world’s biggest food producers with an output more than enough to boost the economy. According to Igor Cornelsen, investors need to catch up on Brazilian banking. They need to know the basics. Mr. Igor Cornelsen outlined short and easy instructions for busy investors to use when picking Brazilian stocks.

  • Know the ten major players of Brazilian Banks

Worldwide, Brazil is the eighth largest economy and the biggest in South America. Brazil is rich in natural resources and can make large economic development. The ten banks helping to make Brazil a success include the following banks:

  1. Banco Itau
  2. Banco Bradesco
  3. Caixa Economica Federal
  4. HSBC
  5. Banco J Safra
  6. Banrisul
  7. Santander
  8. BTG Pactual
  9. Banco do Brazil
  10. Citibank Brazil

Learn more about Igor Cornelsen’s methods at ireport.cnn

  • A new person could make things better

The new finance minister, Joaquim Levy, seemed like a hopeful replacement for Brazil’s economy. Mr. Levy has a Ph.D. from the University of Chicago and a background working with the IMF. He seemed right for the position per Mr. Cornelsen. Mr. Levy is shrewd and works well with the private sector.

  • Keep a close eye on China

Brazil’s biggest trading partner is China. If China has a strong economy, Brazil will see good prices on raw materials per Mr. Cornelsen. Plus, banks need to watch all the connected markets for a better understanding of their investments. It will reap more profits.

  • The real value of the currency

Brazil has always had an overvalued currency, resulting in a loss of competitiveness and account deficits. Selling dollar swaps in the local market was a way for Brazil to avoid depreciation of its currency.

The new administration will avoid intervention to prevent currency devaluation. The tactic will bolster investment in the banking industry. As a result, exported manufactured goods will experience stronger competition, making bank accounts more stable.

Read:http://frenchtribune.com/teneur/25704-igor-cornelsen-giving-three-valuable-tips-invest-growing-foreign-market

 

Ted Bauman’s Bitcoin Breakdown

In a recent article on Medium.com, author Ted Bauman discusses the implications of a future with Bitcoins as a standardized currency. The article, Bitcoin Has a Massive Problem, discusses the issues that may be present in Bitcoin’s underlying technology. For those that are not sure what Bitcoins are, they are a type of internet-based currency that only exist within the confines of a computer network. This type of currency is appealing because it presents individuals with a chance to use a currency that is secure and private. Bauman explains that the major problem with the Bitcoin systems is that it is extremely slow. When a transaction goes through it can take an average of 10 minutes for it to process. This can be a huge deterrent for potential users. There have even been some days where the transactions have taken more than 40 minutes to process.

Unfortunately, even though they have been working on it, Bitcoin’s underlying code does not necessarily support a transition to a system that will result in faster transaction times. This means that some people have proposed a new system with faster transaction times, they have dubbed it Bitcoin Cash. Baum explains that this is where the reader can get some money for a low investment. With Bitcoin’s transaction times not changing, consumers have flocked to the new currency. Baum foresees that in the future there will again be something that will discourage people from this new currency and urges his readers to invest in the original bitcoin. Since the original Bitcoin was included with the new currency, he believes it will be again with the next tier. In this way, he says that his readers may have access to the “new and improved” unknown successor for Bitcoin Cash by simply owning original Bitcoin.

Ted Bauman is a trusted source when it comes to financing, asset protection, privacy, migration internationally, and investments. He is currently an Editor for Banyan Hill Publishing where he writes about financial opportunities for his readers in a personable and easy manner. After graduating from the University of Cape Town with a degree in Economics and History, he has worked a variety of jobs that have given him the experience needed to provide sound financial advice. From a consultant to countless leadership positions, Bauman has proven his financial prowess all over the world. He is an essential resource for those individuals that are looking to get into investments.