"In trade, one bitcoin is subdivided into 100-million smaller units called satoshis, defined by eight decimal places."
edit: mine is 1BFzpDHT69SrwLXndVogGgoSf5W4A8TMVS if you want to share the love :)
I think Bitcoin or currencies like it will be important in the future so I'm trying to figure it out.
To be serious: obviously bitcoin can be used as in any investment strategy, including "conservative" ones. You seem to be arguing that a bitcoin position must be part of one, which is kinda insane.
I am referring to the collapse of financial systems, but not necessarily the replacement by bitcoin. Maybe precious metals, heirloom seeds, or guns?
Right now I'd put Bitcoin's odds of success on par with an early stage startup.
If Bitcoin succeeds, would you rather have owned the coins... or the banks and exchanges that constantly take a percentage of the flow?
Casino chips aren't going to significantly increase in value. If Bitcoin succeeds then Bitcoins will. If Bitcoin doesn't succeed, then neither will the "banks".