All language subtitles for 2. Litecoins Vs Bitcoins

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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:05,430 --> 00:00:15,190 Difference between bitcoins and like going the light going Knecht look only aims to process a block 2 00:00:15,350 --> 00:00:24,620 every 2.5 minutes whereas break gwain processa the block every 10 minutes does for processing helps 3 00:00:25,020 --> 00:00:32,390 with faster transaction information and merchants in the future can use light corn rather than bitcoin 4 00:00:32,750 --> 00:00:40,280 because of fast processing these foster processes as a drawback. 5 00:00:40,330 --> 00:00:42,530 Do you like coin mining. 6 00:00:42,640 --> 00:00:53,940 Tatties a higher probability of or for unblocks wealth advantages are a greater resistance to public 7 00:00:53,940 --> 00:01:03,720 spending attack whereas Bitcoin doesn't have this resistance and like does like coin network has 10 8 00:01:03,720 --> 00:01:15,120 times less computing work done by block then the bitcoin network which makes it a great dream digital 9 00:01:15,120 --> 00:01:17,680 coin in the mining process. 10 00:01:18,920 --> 00:01:24,290 Because the like going next week will generate 84 million light. 11 00:01:24,430 --> 00:01:29,620 Where is it going next week will Kendric only 21 million coins 12 00:01:33,070 --> 00:01:42,910 you do light Goines usual script Algar atom FBD and E.S. ICU Isiah's used for mining light Goines are 13 00:01:42,910 --> 00:01:45,330 more expensive to produce. 14 00:01:45,560 --> 00:01:55,280 Then they are for Bitcoin which uses simple as that to 5:6 Defoy five hundred miners all had the same 15 00:01:55,280 --> 00:01:56,160 hash hash. 16 00:01:56,540 --> 00:02:08,760 Then a single miner and are rewarded after every 1000 blocks before laging for 500 bucks is four times 17 00:02:08,760 --> 00:02:11,860 quicker in light cone than Bitcoin. 18 00:02:12,020 --> 00:02:22,230 So light going gets like far more blocks done in less time than like bricklaying. 19 00:02:22,330 --> 00:02:30,600 Therefore it gives people the peace of mind because you can see your transaction done in like four times 20 00:02:31,800 --> 00:02:37,830 more in Bitcoin and far easier and far faster in light cone. 21 00:02:37,950 --> 00:02:44,640 So you can see your transaction done and you don't need to wait for Daisy just to see the light coin 22 00:02:44,640 --> 00:02:53,680 coming into your wallet and it also means it is easy to sustain a relatively minimal mining pool with 23 00:02:53,680 --> 00:02:54,510 light going. 24 00:02:54,940 --> 00:03:04,730 As we discussed above if hundred miners all have the same higher power than a single miner and are rewarded 25 00:03:04,760 --> 00:03:14,900 after every one told unblocks then you need to like that for 500 bucks. 26 00:03:15,150 --> 00:03:22,820 But in a light coin you have faster processing power so you don't need those 500 miners. 27 00:03:22,890 --> 00:03:30,150 You can get the work done at four times cheaper or four times quicker with less mining power because 28 00:03:30,150 --> 00:03:32,710 you are completing the work four times faster. 29 00:03:32,730 --> 00:03:38,600 So if you have one person competing get well and big between for us and completing their work then both 30 00:03:38,610 --> 00:03:45,840 will be equal but the fourth person will require more energy more electricity more like human power 31 00:03:46,170 --> 00:03:47,860 more human time. 32 00:03:47,910 --> 00:03:50,090 So it will be expensive in that phase. 33 00:03:50,130 --> 00:03:59,700 Bitcoin whereas like when will be cheaper in Dec like substance in that regard like going to like silver 34 00:04:00,140 --> 00:04:10,150 do Bitcoins gold therefore like silver gold ratio like going to follow between price increases market 35 00:04:10,150 --> 00:04:12,230 entry price for mining light going. 36 00:04:12,370 --> 00:04:13,620 It's cheaper. 37 00:04:13,630 --> 00:04:21,820 Anybody that have a small saving input is more light going then Bitcoin ethics price is already at an 38 00:04:21,820 --> 00:04:30,350 extreme high level such as the entry level or entry price is far lower flight going. 39 00:04:30,400 --> 00:04:36,970 So any new person coming in to or did you were going to be used like going or bitcoin because in bitcoin 40 00:04:37,210 --> 00:04:41,540 you need to invest huge sums of money there isn't light going. 41 00:04:41,560 --> 00:04:46,050 You need to expand far lower amount of money. 42 00:04:47,020 --> 00:04:50,630 And as light going in like silver to Bitcoin gold. 43 00:04:50,740 --> 00:04:58,990 So you have a larger like a price increase stored in light Quain then bitcoin because Bitcoin is already 44 00:04:58,990 --> 00:05:00,690 far more expensive. 45 00:05:01,180 --> 00:05:01,590 Thank you. 4739

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