Ted Bauman Points Out the Problem With Bitcoin

Bitcoin was originally designed to serve as a nongovernmental form of money, as an alternative currency to the fiat dollars, yen, pounds and euros issued by the countries of the world. Its creator Satori Nakamoto and its early advocates did not claim it was a new asset class to buy as an investment which would grow to astronomical value. Back in those early days, none of its libertarian friends ever advised people to buy it because one day it would rise to $10,000 per bitcoin, let alone $100,000 or even the $1 million that people are now predicting for it within just a year or two. Read more on crunchbase.com to know more about Ted Bauman.

No, bitcoin was just meant to replace fiat money for every day transactions. As Ted Bauman points out in a recent article, however, the the process of validating bitcoin ownership across a distributed network is not nearly as fast and efficient as one simple electronic query. It takes time, from ten to twenty minutes to conduct the simplest transaction.

This cannot work in practical reality. No customer has the time to wait 20 minutes to pay for the meal at Taco Bell. And busy commercial businesses cannot cope with the angry crowds that would create. The bitcoin network can handle only about 6.5 transactions per second. That’s not a lot when you consider how many people around the world are buying and selling at any given moment. By contrast, Visa handles 1,700 transactions per second. But if bitcoin does not work as a currency, then why should anyone expects its value to continue to going up to the sky? What else is it good for? Visit  talkmarkets.com to know more.

It’s possible to speed it up by reducing the data in each block using a new technology called Segregated Witness or SegWit2X. However, reducing the amount of information available makes each bitcoin transaction secure. It is safe from fraud, theft and duplication only because every transaction is verified and validated by the entire distributed network. Reduce that requirement, and you increase the risk of someone cheating the system. Therefore, Ted Bauman advocates his readers continue to buy and hold gold to secure their portfolios against financial collapse.

Ted Bauman edits the newsletters The Bauman Letter, Alpha Stock Alert and Plan B Club for Banyan Hill Publishing. He specializes in such subjects as privacy and asset protection. He also writes about investment strategies using low risk assets and issues with international migration. He lives in Atlanta, Georgia.

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David Giertz on the Need to Speak to Clients about Social Security

With over 30 years experience in the financial sector, David L. Giertz recently completed a new video where he urges his colleagues to properly inform their clients about the potential social security pitfalls they might encounter if they are not careful.

David Giertz said that many individuals nearing retirement and those already in retirement have a number of misconceptions about Social Security that could be downright damaging to them and lead to a huge loss in retirement income. Indeed, the days of having pensions and healthy 401 K’s are becoming rarer and rarer, so David Giertz is providing a valuable public service by offering seniors and older workers the needed tips in order to maximize their social security benefits.

Giertz cited a study by Nationwide Retirement Institute that showed 30 percent of retirees are receiving a benefit that is less than they expected. The survey on soundcloud.com discovered that those close to retirement by and large did not understand the process.

Of course, it really is no wonder that so many people do not understand the process. Financial planners on Vimeo have to undergo years of training in order to understand the Social Security Handbook, simply because of the fact that it contains over 2,700 different rules. However, there are a lot of people who realize the need for a solid strategy for Social Security, as four our of five surveyed said they would consider changing advisers if they did not strategize with them about Social Security.

By and large future retirees must plan for income, and that begins with an understanding of Social Security at https://twitter.com/davidgiertz. Giertz said that planning for Social Security benefits should amount to at least 40 percent of all retirement income that seniors and other retirees can expect.

There is no question that Giertz’s track record with helping seniors is impressive. Not only has he pass four important examinations, but he has also served as President of Nationwide Financial Distributors since 2013.

Giertz is also registered with the highly selective FINRA as a broker, so if you are looking to maximize your retirement income, he is definitely the one to talk to.

An Investor, Philanthropist, And Entrepreneur- Jason Hope

Talk of a go-getter a man who is determined and ready to help the community and Jason Hope comes in mind. Mr. Jason is one guy who carries several titles including entrepreneur, philanthropist, futurist and an investor who is located in Scottsdale, Arizona. For a long time, Hope has been very passionate about technology and giving back to the community something he has been doing with an enthusiasm. Apart from being an entrepreneur, Jason has also been showing a keen interest in politics around the Arizona.

As a philanthropist, Jason Hope believes that he is obligated to contribute to the community’s welfare and that his wealth, as well as assets, gives the best opportunity to do so. He has been at the forefront of contributing to the interests of the people of Arizona and Jason is very determined to make sure that the Arizonans succeed. Together with like-minded organizations, Jason Hope supports the society to improve their future in areas including aging to assist people to live longer and healthier. Jason Hopes continues to work with such organizations where he has been contributing his time, resources and his power.

Jason Hope believes that technology is the future. His contribution to the technology mainly targets development as well as research. Some of the technological advances that he has been involved in include gaming software, desktop software, the development of mobile apps, and the development that embrace connectivity as well as the influence of technology that is in the front line to improve the human condition as it offers enjoyment and eases life. Jason Hope’s passion for technology has led to looking for other advantages of using technology. As a futurist, Mr. Hope has been working hand in hand with other investors as well as individuals to make sure that they improve on technology as he leads them in the right direction.

Jason Hope is originally from Arizona, where he grew up in Tempe. Later Hope joined Arizona State University and received a Degree in Finance. He later furthered his studies in the same University where he graduated with an MBA from W.P Carey School of Business. Jason Hope is also a business consultant.