In a recent edition of The Bauman Letter, editor, Ted Bauman discussed one of the most controversial topics to hit the market in recent memory – Bitcoin. While there are many people on both sides of the coin, the longterm stability of the coin is being called into question by experts such as Ted Bauman due to one fact – as of now, it cannot process a vast amount of transactions at a time, drastically slowing down processing speeds. While traditional credit card institutions, such as Visa, have the power to process thousands of transactions per second, Bitcoin can only process a handful. This will be a serious problem when it comes to using it for transactions such as exiting a parking garage, that needs to be done instantaneously. While the heads at Bitcoin are attempting to fix the problem, even implementing Bitcoin Cash, many experts see this deficiency as a problem that could destroy the product, and people such as Ted Bauman, are remaining very cautious. Visit Ted Bauman at thesovereigninvestor.com for more info.
Ted Bauman is a world-renowned finance expert, that over the course of a career that spanned three decades, worked with a number of influential institutions, including the United Nations and the World Bank. He was born in Washington D.C., but as a youth, relocated to South Africa, attending The University of Cape Town, where he would attain postgraduate degrees in economics and history. Immediately after, Mr. Bauman would begin a career in South Africa that would span 25 years, with him visiting over 75 countries around the world. Working in the nonprofit sector as an executive fund manager for low-income housing projects, Mr. Bauman was responsible for a number of major transactions, including the founding of Slum Dwellers International, which has helped millions of people around the world since its inception. After spending most of the 2000’s as a consultant, researcher, and finance expert in South Africa, Mr. Bauman returned to the United States, taking a position with Habitat for Humanity. During this time he would act as the Director of International Housing, continuing a very successful run. In 2013, Ted Bauman decided to fully dedicate his life to writing and research, joining Banyan Hill Publishing. Since then he has garnered quite the following, and recently collaborated with his father, former U.S. Congressman, Robert Bauman, on a book called “Where to Stash Your Cash (Legally).” Today, Ted Bauman lives in Atlanta, GA with his wife and daughter, working mostly from his home office.