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From a market efficiency standpoint, if these companies are earning billions of dollars a year for providing a service which can be done for free, then if that service catches on, humanity will be billions of dollars per year richer. It will require fewer resources to move money, and thus fewer resources will be consumed, making humanity wealthier. Cars made humanity richer by enabling transportation at lower cost, Email made humanity richer by enabling communication at lower cost, and in the exact same way Bitcoin can make the world richer by enabling monetary transfers at lower cost.

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A blockchain account can provide functions other than making payments, for example in decentralized applications or smart contracts. In this case, the units or coins are sometimes referred to as crypto tokens (or cryptotokens). Cryptocurrencies are generally generated by their own blockchain like Bitcoin and Litecoin whereas tokens are usually issued within a smart contract running on top of a blockchain such as Ethereum.bitcoin landing bitcoin анонимность monero wallet byzantium ethereum iobit bitcoin start bitcoin qr bitcoin

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What About Litecoin vs. Ethereum?
What Is Litecoin?
When you ask yourself, “Should I buy Litecoin or Ethereum?”, you’re asking what is more valuable to you:

Smart contracts
or

Cheaper and faster (than Bitcoin, at least) payment
Why do we say that?

Even Charlie Lee, the creator of Litecoin, admits that it’s a clone of Bitcoin in most ways. The only difference between the two is that Litecoin was made to be a, yes, you guessed it, lighter version of Bitcoin.

Should I buy Ethereum: a Litecoin on a black keyboard.

Due to some technical mumbo-jumbo involving the Scrypt algorithm, which is used for mining Litecoin, it’s faster and easier to mine alone than its older brother, Bitcoin.

What Is the Difference Between Litecoin And Ethereum?
The difference between Litecoin and Ethereum is the same as it was in comparison to Bitcoin: purpose.

The answer to the question of “Should I buy Litecoin or Ethereum?” remains the same, unless Litecoin’s purpose hits closer to home for you than either Bitcoin or Ethereum.

Bitcoin’s two biggest weaknesses—slow transaction speed and price—are considerably lessened with Litecoin.

Litecoin is much cheaper than Bitcoin, costing around $48 per coin. Litecoin and Ethereum transaction speed is also close to each other, removing that downside.

So, what about it?

Ethereum is built on the idea of smart contracts that enable the creation of smart contract-driven dApps (decentralized apps). Litecoin is intended to be a lighter, faster and cheaper alternative to Bitcoin, used to pay for stuff and eventually replace real money.

When you ask, “Should I buy Litecoin or Ethereum?”, I answer:

Which idea attracts you more, small payments using cryptocurrencies or secure apps? If it is payments, go with Litecoin. If it is decentralized apps, choose Ethereum.



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Put this wallet.dat file on a USB drive in your safe or mail it to your parents. Burn it to a CD and put it in a bank safety deposit box. Put it on a different computer. You can even email the file to yourself. Better yet, do two or three of the above. If you back up the wallet properly and keep it safe, and the likelihood of you losing your Bitcoins will be lower than you dying in a car crash. If you don’t back it up, the likelihood of you losing your coins is high. Important Note: if you use more than 100 Bitcoin addresses with your wallet, you will need to make a new backup file (the first backup will not know about the 101st address).bitcoin cgminer майнинга bitcoin bitcoin trojan matteo monero bank cryptocurrency 1 bitcoin

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Your or your friend’s account could have been hacked—for example, there could be a denial-of-service attack or identity theft.In 2008, banks cost taxpayers trillions of dollars and caused the world economy to fall apart.The risks of mining are that of financial risk and a regulatory one. As mentioned, Bitcoin mining, and mining in general, is a financial risk. One could go through all the effort of purchasing hundreds or thousands of dollars worth of mining equipment only to have no return on their investment. That said, this risk can be mitigated by joining mining pools. If you are considering mining and live in an area that it is prohibited you should reconsider. It may also be a good idea to research your countries regulation and overall sentiment towards cryptocurrency before investing in mining equipment.Is Bitcoin Mining Still Profitable?bitcoin lurk

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