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Ted Bauman Warns Of Transaction Problems With Bitcoin

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There has been a lot of talk in the news recently about Bitcoin. Many people have invested money into it, thinking that the prices will go up. There are many advantages of using Bitcoin, ranging from security and privacy to the absence of any regulations by governments, for the most part. However, financial expert Ted Bauman says that there is a major problem with Bitcoin. If Bitcoin is to be scaled and become a global currency that is actually used by people all around the world, then this problem has to be fixed. The problem is that the networks that control Bitcoin transactions can complete only a limited number of transactions at a time. Learn more on Seeking Alpha about Ted Bauman

Ted Bauman writes about this in his highly sought after publication, The Bauman Letter. In an issue of the newsletter, he asks his readers to envision what life would be like sometime in the future when everyone is using Bitcoin to conduct their daily transactions, as Bitcoin enthusiasts predict.

Let us say that you have parked in a garage and you need to pay a fee in order to get out. Let us also say that you do not have any cash or credit cards on you, and you need to pay in Bitcoin. What if the Bitcoin transaction takes half an hour in order to go through? What if it takes an hour to go through? You may be stuck in the garage, unable to get out.

Bitcoin is not the same as credit cards. Credit card networks can conduct thousands of transactions each second. Visa can actually process up to twenty thousand transactions each second. Bitcoin, on the other hand, can only process up to seven transactions per second. This means that during busy times, you can end up waiting a long time for your transaction to be processed. It is not uncommon for a transaction to take forty minutes to be processed. If everyone will start using Bitcoin, it is very likely that it will start taking much longer than that. People will not want that, so Bitcoin does not yet have the capability to become a global currency that is used by everyone.

Ted Bauman is the editor of The Bauman Letter. He writes and edits for Banyan Hill Publishing. He has years of experience with investing.

Learn more:http://thesovereigninvestor.com/precisionprofits/ted-bauman/

 

Technology/CEO/Medical Science/Business Leader/Medical Technology/Healthcare IT/Healthcare/Healthcare Technology

Who Will Become The Pharmaceutical Leader?

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Are we about to undergo a radical change in the way in which we purchase our pharmaceutical products? The answer is probably yes if you ask someone like Drew Madden. He is the kind of person who follows every move of that particular sector of the market. He has both worked in healthcare information technology as well as explored his own ventures in the same realm. Drew Madden stands out in the healthcare field. He is a high caliber Healthcare IT investor who is keen on nurturing solid client partnerships. He’s also interested in improving the healthcare culture.

 

Drew Madden has a lot of experience, and that experience translates to a deeper understanding of what different moves in the market mean for the public as a whole. Drew Madden would like for everyone to be able to understand what is happening as well so that they are best able to prepare themselves for the numerous twists and turns that sometimes accompany working in the industry.

 

Right now, the major talk throughout the whole industry has to do with Amazon and CVS. These are the two giant companies who have made the biggest splash as of late. Amazon has generated a lot of headlines by applying for licenses in numerous states to sell pharmaceutical products in those states. That had industry giants like CVS running for cover. They did not want to lose their very important market share in the industry that they have been dominant in for so long.

 

CVS responded to Amazon getting into the market by purchasing a healthcare insurance company for themselves. This helped them to diversify their business in a way that they hope will keep them competitive with Amazon going forward.

 

The main competitive advantage that CVS has over Amazon at the moment is the ability for their customers to pop in whenever they need whatever it is that they are shopping for and get it right away. There is no waiting, and no need to pay shipping charges. That being said, a lot of people trust Amazon and will expand their usual spending into pharmacy products through Amazon if given the opportunity.

 

It is really a Goliath vs. Goliath battle to see just which company the strength might have to take over and dominate in the healthcare IT sector. Visit This Page for related information.