When Ted Bauman was growing up, he had a different experience from other children. He grew up in Washington D.C. but later relocated to South Africa. He moved there because he preferred studying and living in this nation. While in South Africa, Ted joined University of Cape Town and pursued Economics and History. He continued living in this country for the next twenty five years. He worked for organizations that were non-profit as a fund manager.
As Ted worked during these years, he developed interest in people living in slums. Ted helped not only those in South Africa but also others in various countries. He chose housing because it got his attention. Additionally, Ted Bauman researched about issues of urban planning.
Eventually in 2008, Jason went back home to USA. The first place Ted got employed was International Housing Programs. His work entailed humanity targeting the international level. After a while, he determined his path and decided to concentrate on research and writing. This meant that he was going to give up on all executive jobs.
Today, Bauman works for Banyan Hill Publishing. All his work is about helping people and educating them. Some basic information in finance and economics is important to everyone but people do not know. Ted has played a role in ensuring people stay informed.
Recently, Ted took time to discuss about the bitcoin. Cryptocurrencies were introduced in the digital world with not much education about them. People are more interested in talking about their benefits. As a result people have become euphoric about the bitcoin. Without really understanding all the details, people want to invest and reap the big harvest. Read more on talkmarkets.com for more info.
While it may have good trading days and big returns, investors need to know the downside. Ted mentions one of the problems being very slow transactions. A bitcoin will take long before one transaction is done. Comparing it to a visa card, the technology behind the bitcoin needs to improve. In particular, one second has only 6.5 transactions of the bitcoin while 24,000 transactions of the Visa card can happen in the same second.
The bitcoin may have a lot of relevance now but if the technology does not improve, the currency will lack importance in the future. If one transaction takes too long, people will eventually realize debits and credit cards are more convenient. The instability issue of the currency also needs to be addressed. It will affect the future if no one attends to it. Know more:http://sovereignsociety.com/meet-the-experts/ted-bauman/