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Live with Persistent: You have the portability of live media with a home-folder and possibly other temp storage

Live without: Portability but no saved anything

LiveUSB with Persistent: Less life out of the USB(a bunch more reads), but very similar to 1

LiveUSB without Persistent: Less life out of the USB(a bunch more reads), but very similar to 2

Full install: Obviously, a full install to the USB would translate to shorter life since it would drastically increase the number of reads and writes.

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