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.

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