did you bite verse litecoin is litecoins advantages enough to justify a 25 times
increase in market cap value / did you bite in the current state that it is
talking about it in this video so stay tuned what's going on guys before you go
ahead and crucify me before you guys say I'm insane and you get mad at me for
talking about litecoin verse did you bite just give me a little bit of time
to explain what I'm talking about this give me some time here let me talk first
before you guys start commenting about how this is fraud and how I'm trying to
manipulate the price of light coin because I do own like coin I do own did
you buy I own more digi bite than light coin but still I'm a believer in both
coins but the idea of this video really is to compare did you buy a verse like
coin fundamentally looking at the different benefits of both and then
comparing and then try to justify the market cap on light coin first did you
buy so give me five minutes and then you can decide if you think I'm totally full
of crap or if I do have a valid point here so
the first thing we can talk about obviously is the price the price of
light coin verse the price of did you buy this video really isn't about the
price right now it's more about the market cap so the price of light coin is
around two hundred dollars the price of did you buy it is around three and a
half cents right now so looking at the maximum supply you have 84 million for
light coin you have 21 billion for digibytes that's around 260 did you buy
verse 1 light coin light coin was created in 2011 did you buy it was
created in 2014 both coins are built on the UT EXO blockchain which is very
similar to a Bitcoin really light coin is just like a breakaway from Bitcoin
using that you TXO blockchain apply in an increasing speed and stuff like that
where did you buy kind of went a little bit faster direction in Jared made some
improvements that he saw down the line like adding the 5 algorithms verse the
one algorithm for light coins so light coin only has one algorithm for mining
that's an AC is asic miners that's controlled mostly by Chinese miners you
have 65% of the hash power for light coin for mining coming out of China for
digi bite the mining power is evenly distributed across five different
algorithms across the world this increases security and also makes did
you buy much more decentralized than litecoin now
talking transaction speed wise like Owen has a 2.5 minute block timing 2 megabit
blocks digi bite has a 15 second block timing block sizes are increased every 2
years the current size of digi by a block is 2 megabits did you buy and
litecoin have the same size blocks but the thing for digi bite is that it has
the 5 algorithms which makes for the 15 second block time so it's much faster
litecoins able to handle 65 transactions per
second digi byte is able to handle 560 transactions per second every 2 years
the blockchain doubles the transactions per second by doubling the block size
with transaction speeds reaching 280,000 transactions per second by year 2035 and
the argument a lot of people make is hey you know there's other faster coins
there's this and that but really what it comes down to is digit by is the fastest
you TXO blockchain that there is proof of work - cryptocurrency this is a real
coin this is not a token this is not created out of thin air like some of the
other coins that claim that they are faster than did you bite that's fine you
made a token that's faster that's a different video in itself we're gonna
stick to talking about litecoin burst did you buy here letter to UT EXO
blockchain proof-of-work mine Abell cones both coins have seg wit so that's
the technicals comparing the technology comparing the speed and the overall
fundamentals like coin verse digi byte obviously the supply is going to be
different so I'm not expecting digit by to get to three hundred four or five
hundred hours in the future like like coin has already done because the supply
on my coin is much lower now what I am questioning here is why is there such a
difference in market cap value obviously we have to talk about notoriety we've
talked about the big names we had to talk about the history of light coin now
litecoin recently in 2017 made a major push because of coinbase
so light coin was added to coin base once
light coin was added to coinbase it went to the moon now i say moon literally
because light coin went from five dollars in january 2017 to around $400
on coin base by the end of 2017 so that's a massive move and a lot of that
is contributed to the idea of litecoin being added to coinbase people
also contribute the litecoin move to the issues with Bitcoin Bitcoin went up
massively the transaction speeds were all clogged up people couldn't buy and
sell they couldn't get confirmation so people started to use litecoin that's
one of the arguments people make that's why they say like when went up so big in
December but I also think that overall the big reason for litecoin going up was
a psychological reason because it was the cheapest coin on coin base at the
time so yeah that theory 'im you had like coin you had Bitcoin in December
which one was the cheapest one for a first time crypto investor what coin
would they buy would they buy Bitcoin would they buy aetherium which were all
you know four hundred five hundred dollars or more or would they buy
litecoin which was under one hundred two hundred dollars so it made more sense
for a first-time investor at least psychologically for people who wanted to
own one coin they could buy one light coin easily compared to not being able
to own any large size of Bitcoin because the price was fluctuating so much it was
so much more expensive so litecoin benefited greatly from being added to
coin base so another twist to the story is charlie lee was once a developer
employee of coin base there's also some very kind of weird communications where
Charlie was on telegram talking about how litecoin was gonna get added to
coinbase how things were happening you can see right before a light coin was
added to coin base that the price started to increase drastically days
before being added to coin based very similar to the insider trading on
Bitcoin cash that we talked about recently how a Bitcoin cash out of
nowhere days before being added to coin base started to raise in value and then
the day that it was added a coin based I was like well now we know why so there's
also this kind of idea that light coin was added to coin base and then right
after being added charlie lee quick coin base and then comes out saying that he
sold all of his light coin because he didn't want people saying that he had
any type of conflict of interest now would it not be a conflict of interest
for him to own light coin when he worked for coin base and then for him to
petition for light coin to be added to coin base and then after he goes up 400%
he sells so that's a very interesting idea so all of a sudden charlie Lee is
saying hey I don't want any kind of conflict of interest
why did he not have a conflict of interest when litecoin was $5 it got
added to corn-based and then he sold above 400 so obviously a lot of
questions to be asked here I don't think Charlie's gonna answering
this question to keep recently on Twitter denied that he knew anything
about did you bite well I actually have talked to Jared from digi bite the
founder of digit bite and he has confirmed that him and Charlie have
talked before it's very obvious that Charlie Lee knows what did you buy it is
and the big question now is is he scared that digi buy basically does everything
that litecoin does but faster and better
these are questions that I asked myself daily and I'm trying to figure out the
psychological reason that litecoin is priced so much higher than did you buy
now when I talk about price I'm talking about market cap talking about market
cap I'm not talking about the actual price the coin market cap in theory digi
buy it should be very very close to light coins market cap so I look at
light coin as a proof of concept so light coin works people love it people
are very excited about light pay they're excited about the speed of like when
they're excited about the overall coin as a means of transaction now what they
don't know is that digi buy it does everything that light coin does but
better I challenge you to leave a comment below telling me how a light
coin is superior in technology first digi byte that's a good question so you
can leave a comment below if you had that answer I would love to know cuz
I've been doing the research and I can't figure it out personally now someone's
gonna comment say yeah but did you buy it doesn't get any love nobody cares
about digi buy light coin has light pay like Quinn has all the big time people
talking about it yes that's that's what's happening that's why the price of
light coin is so high because the celebrities because of light pay now one
thing to think about here is light pay is not created by light coin like when
did not go out and make light pay lie pay is a company that started a credit
card for light coin they worked out a deal with Visa they made the card it's
not that light coin went out and said hey we're making a credit card this is a
separate company that made the credit card that's calling it light pay now
light pay it sounds like light coins like a credit card is that light coin
made but light coin is not an entity light coin is not a company it's not a
light coin credit card this is a light pay credit card this is a company called
light pay that any credit card for litecoin that's a
very big misunderstanding I think a lot of people think about when they see
light go in the sea light pay they're like oh wow
litecoin has a credit card no light pay is a company that made a credit card for
light coin that's not to devalue what they're doing but really what it comes
down to is this is an outside company that's focusing on light coin the same
thing can happen for digi bite if a large company came along and said hey we
want to make a credit card for digi bite there's nothing stopping them from doing
that nobody's gonna say no you can't do it because it's an open decentralized
blockchain if PayPal came along and said hey we want to use did you buy as our
main cryptocurrency they could do that people can build apps they can build
things on top of the blockchain there's so many possibilities so the more and
more that did you buy is use the more important it is to think about the
transaction speed another aspect of digi buy is digi shield digi shield was added
in 2014 this stops large mining pools that mine large numbers of digi buy at
low difficulty this is solved by recalculating the block difficulty
between each block allowing for a faster correction when a multi pool begins or
ceases contributing to digi by the same technology is now being used on over 25
altcoins including dogecoin z cache bit tokens bitcoin gold and more technically
fundamentally there is nothing that litecoin does better so now we must ask
why is the value of like coin 25 times the market cap question I want answered
I want you guys to answer the question but I'm also trying to answer it in this
video that's what this whole video is about it's not to say that I hate light
coin that I hate every other coin but did you buy really the question here is
I want to know why people are valuing light coins so much higher of in
digibytes obviously coin base is a huge driver in this factor the coin base /
light coin correlation is massive in the sense of like coins success everybody
who opens a coin based account the first thing they look at is light coin they
think okay it's cheap I'm gonna buy a little bit cuz it's so cheap I can buy
three four or five coins for much less than I can buy one at the areum or buy
one Bitcoin so that's definitely helping light coin in the long run here is that
a lot of people when they first get into crypto
currencies using coinbase they open up an account and they can buy litecoin
right there obviously like whant is also being used much more widely as a payment
processing system now with light pay and all these other companies using litecoin
with their cards you have a legion all these different payment processing
systems are now working with litecoin and using litecoin that's not to say
these same companies can't go hey we like did you bite as well and now we're
offering the same services for a dizzy by now you gotta think about here
digi buy is three years newer then litecoin if you look at the overall
story the overall chart of litecoin you can see a similar move with digi bite
it's not to say that's an exact replica but like coin really didn't explode
until 2017 when it went to the moon with the addition of coin base so now we have
to ask ourselves if did you buy it was added to coinbase would it break over $1
in the first couple months that's a good question again I think if you add a coin
like digi byte to coinbase what happens everybody is excited they can buy a
thousand digi by coins for less than a hundred dollars that's an amazing offer
for me I can go hey I can buy a bunch of did you buy it for a hundred bucks
that's awesome just off the psychological idea that new time
investors that new cryptocurrency buyers for the first time by did you buy easily
and fast on coin base so fingers crossed that somehow did you bike gets added to
coinbase who knows maybe it does maybe doesn't but still a long term I still
see the value here comparing digibytes a light coin you
really ought think about here is light coins a proof of concept people want a
fast coin to be able to use for payment processing to buy and sell things to
send money back and forth if people love light coin why would they not love digi
bite which is faster and cheaper than light coin it's also more secure and
more decentralized so everything that litecoin is digi buy is better now I
know I'm gonna get a lot of hate from people who are gonna tell me that like
coins better like coins the best i'll blah blah blah but really tell me how
light coin burst digi buy is better other than Charlie lis other than
celebrity other than the mass media promoting light coin how is light coin
better than digi byte you might say oh well they
the Lightning Network yeah well did you bike and use light network as well they
can both do atomic swaps everything like we can do did you buy can do better you
know that song everything you can do I can do better everything you can do I
can do better to that song yeah it's a good one but let's really kind of dive
in here and figure out why litecoin is so much more expensive then did you buy
it market cap remember we're not talking about price wise talking about market
cap for this video so I want to know leave a comment below let me know what
you think and I'm expressing my opinion solely on the belief that I think did
you buy is grossly undervalued compared to like coin at this value right now so
we're gonna see what happens these next couple months they're couple years but
right now I want you guys to really tell me why you think like coin is that much
better than digit by other than you know what I talked about and I want to remind
you that I am NOT a hater on like coin like I said I own like coin I own digi
buy I own aetherium I own multiple coins and investments I
do own more did you buy than like coin just because it's so much cheaper and I
like the ROI at this point this is not a video to say that I want like coin to go
away that light coin is worthless this is a video to really ask people why they
believe the value of light coin is so much greater then did you buy so there
it is crypto friends leave a comment hit that like button and also if you haven't
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