I always have a few USB or DVD live distros in my collection but I mostly use them to test a if a new (old second hand ) is compatible with linux or BSD before I go ahead and install a system to hard disk.
I sometimes have use for a rescue CD while other times a USB stick is more practical so I have several live distros for several older laptops.
my live distros I have on USB is kubuntu and standard ubuntu and nomad BSD .
I have a system rescue cd based on linux (I cant recal which it is based on ) and a BSD rescue CD and fedora security edition and freedos 1.3 rc live CD which I am betatesting on a old hp pavilion and its a nice little liveCD as well. I actually often use it to partion a hard drive before I install someting else.
I also have a tails live DVD for privacy but I don't really use it , its just nice knowing I can if I need to .
when I was building my own computers ten years ago I also helped others fix their computers for free and used liveCDs sometimes and I am thinking about doing this again simply to gain more experience and at the same time help others and perhaps inspire them to use linux or something else instead of just throwing old hardware out that still works.
I almost never use a live system unless its to test hardware or to fix something that is broken and I never had any use for a live persistent system to bring with me in my keychain so I can use it on other computers instead of bringing my own laptop but its nice to have the option and I always have several live systems ready to use if I need them.
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