Category Archives: Editor

Ted Bauman’s Advice on how to Cure Bitcoin

Published / by TheHI

Over the recent years, Bitcoin has gradually gained popularity as a leading cryptocurrency, and 2017 was the year when the value of Bitcoin skyrocketed. The nature of Bitcoin makes it attractive and promising, especially given that its decentralized nature of operation means that there is no possibility of government interference, as is typical with most other currencies. However, this advantage does not come without problems, and as Ted Bauman, an experienced and accomplished investor notes, these issues have the potential to reduce the usefulness of Bitcoin all-together.

Bauman notes that scalability is one of the pressing issues that face bitcoin. As things are right now, the transaction times for a bitcoin transaction are painfully slow, with some even having been reported to take more than 40 minutes. This is because according to how the bitcoin technology is made, it can handle only about seven transactions per second, while other modes of payment such as Visa can handle about 24,000 transactions per second. This slow speed of processing means that people may find payments using bitcoin inconveniencing and therefore revert to alternative modes of payment. Learn more at Crunchbase about Ted Bauman

From his wealth of experience, Ted Bauman suggests that this situation can only be remedied by reducing the amount of data that can be processed in a single mining block, or by increasing the data blocks so that many transactions can be handled concurrently. Fortunately, Bitcoin users have already considered these, and this has led to the emergence of a new currency, Bitcoin Cash, which is an extension of bitcoin. With Bitcoin Cash, the processing of transactions is done on a much larger system, and this has dramatically helped to speed up the verification process. This development has made the value of bitcoin to start decreasing as that of Bitcoin Cash goes up.

The precision of his investment advice shows the excellent grasp that Bauman has on the subject. He is a native of Washington D.C. but later moved to South Africa where he pursued his postgraduate studies at the University of Cape Town. He then built his career and honed his skills as a consultant and a researcher, among others.

He has rendered his services to giant companies such as the World Bank, the UN, and the government of South Africa, among other clients. At the moment, he has devoted his life to research, and works with Banyan Publishing, and is the editor of The Bauman Letter, where he focusses on issues like investment finance, low-risk investment strategies, asset protection among others.

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Jeff Yastine Has a Better Idea for Preventing Hackers From Doing Damage

Published / by TheHI

Jeff Yastine has some good ideas for protecting companies from cybersecurity attacks. He says that the let them in strategy may be a good idea for companies. You see, the problem is that companies often do not do enough to prevent cyber attacks. Many of them think that it cannot happen to them and so they do not put in adequate safeguards. Many other companies do put in safeguards, but they are doing it the wrong way. For example, they may put up a firewall and other safeguards that aim at keeping the hackers out. However, the problem with this strategy is that hackers will always find new ways to exploit defense systems and come up with ways to infiltrate them. Visit Jeff Yastine at medium .com to know more.

The fact of the matter is that most of the damage is done only after the hackers enter the system. Many people do not think about this and only focus on keeping the hackers out. However, as mentioned, that often turns out to be quite futile. Instead of doing that, you should allocate some of your cybersecurity resources, or perhaps even most of them, towards preventing damage once a hacker does enter your system. You have to focus on damage control and mitigation, or else you will end up like Equifax, where the hackers stole all their data two to three months after they got in. They had the time to secretly work, undetected, and steal the data. You have to make sure that this does not happen and that hackers will never go undetected. Then you can boot them from your system once they do enter before they manage to get any damage done. More info at Talk Markets

The fact is that if you only focus your efforts on keeping hackers out, then you will never know if hackers secretly are inside your system, like if they somehow got in undetected by manipulating the system so that they do not send off any red flags. That is why monitoring your systems is so important. Instead of building a fortress, which can be breached, build a surveillance network so that you immediately detect when someone is inside your building. Harvard Business Review recommends the same thing. If your end game is to prevent something bad from happening, then know that the correct way to do it is to monitor for bad things that are happening.

Jeff Yastine is the editor of Total Wealth Insider at Banyan Hill Publishing.