Ted Bauman Discusses the Use of Bitcoin and Its Limitations

For many years, Bitcoin has led the way to the popularity of cryptocurrencies. Even though its value has increased by 1000% in the last year alone, much is to be desired from it if it is to become a mainstream currency. Bitcoin miners are continually looking for ways to minimize the negative impact of the Bitcoin features, but still, there has to be a permanent solution to the problems.

One of the significant problems with Bitcoin currency usage is its average transaction time that often lasts for 40 minutes. No country wants to adopt a currency that takes this long for transactions to happen as it can negatively affect their economy. Bitcoin is no doubt has the potential to become the mainstream currency as it is not governed by any government and is entirely technical in nature. But, it is essential for the Bitcoin miners to find a solution to minimize the transaction time. It is crucial because once the currency becomes mainstream, its usage will increase meaning that with the same technology, and the transaction time will further decrease. Changing the Bitcoin network has its own sets of challenges as it can affect the security of the transactions.

Ted Bauman feels that investing in Bitcoin is quite risky and irrespective of its growing value, it can crash any time once people realize that it is not as easy to use as they have thought. Thus, it is best to stay away from Bitcoin at the moment. Ted Bauman joined Banyan Hill Publishing back in 2013 and currently works as the editor of the Plan B Club, the Bauman Letter, and Alpha Stock Alert. What sets these different from other articles on various publishing is the simplicity with which the articles are written. Ted wants to ensure that people can read about the complicated of topics in an understandable manner. He provides simple examples of the topics he is discussing to ensure that the readers get a clear picture of what he is talking about. Ted Bauman spends a lot of time researching on topics that his subscribers want to read about.

Ted Bauman spends most of his working time on gathering information about the things going around in the country as well as globally. He wants to provide his readers with facts that would affect their investments and their financial security. To provide information to others, he does the research himself without relying on anyone’s help.

To know more, visit:https://www.crunchbase.com/person/ted-bauman

 

Leave a Reply

Your email address will not be published. Required fields are marked *