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I think litecoin will do better in the long run because of faster transaction times. I can't buy a soda with bitcoin because I would have to stand around for to
by randartie 13y ago
I think litecoin will do better in the long run because of faster transaction times. I can't buy a soda with bitcoin because I would have to stand around for too long.
If people opt to pay with a digital currency, it will be LTC.
- jafaku 13y agoIt doesn't have faster transaction times, only confirmations. Do you even know why confirmations take time? Security. Anyone who understands this new technology knows that Litecoin doesn't have any significant improvements over Bitcoin. Besides, you wouldn't wait 10 minutes, but you would wait 2.5 in average? I know I wouldn't, nobody would. That's what 0 confirmation trades are for, and you can do that with Bitcoin just fine. If you want to gamble you should as well put money on Tenebrix, Infinitecoin, and Vaginacoin. I've heard they are great.
- runn1ng 13y agoWhy is longer wajting time for a block more secure? Isn't the security given more by the number of miners?
- dwaltrip 13y agoThe large majority of transactions are completely safe with zero confirmations. For those less common situations that require additional security, it generally doesn't matter much if you have to wait 2.5 mins or 10 mins, especially considering it takes a couple litecoin confirmations to achieve the same level of security provided by a single bitcoin confirmation.