Quote from: Walter Rothbard on December 09, 2013, 02:54:02 AM

Quote from: thehedgemon on December 08, 2013, 02:55:12 AM

Quote from: Walter Rothbard on December 08, 2013, 02:20:18 AM

Quote from: thehedgemon on December 08, 2013, 01:32:13 AM

Litecoin offers MUCH faster transaction times.

No, it doesn't. Faster block times do not equate to faster confirmations. To decide if a transaction is "confirmed," you need to analyze the difficulty of a double spend attack at each block height. Faster blocks are accomplished by having lower difficulty - so you need more blocks to get an equivalent chance of protection against double spend.

Haha sure I understand what you're saying, but if you were to send a litecoin to me right this instant, I would receive it faster than if you were to send me a bitcoin. I was more making a point to the OP

What? I have no idea what you are talking about. Transactions are near instantaneous in both Bitcoin and Litecoin. Why would you receive a Litecoin transaction faster than Bitcoin?

Well the first obvious reason is 6 confirmations as opposed to 10. I would also encourage you to wipe your wallet.dat file (save it obviously) and then reopen both bitcoin and litecoin wallet. See which data comes through quicker.