Quote from: leopard2 on January 05, 2018, 12:21:37 AM

I propose a hardfork, 1 BTC (old) = 1000 BTC (new) Cool

I propose to just change the units in your wallet: 1 BTC now = 1000 mBTC now. And that is exactly what I've been doing since I started using Bitcoin (almost 3 years ago). When I started, one base unit was worth $0.20, now it's $16.40.
I find it much more convenient to have units worth about the same as a dollar/euro, but we can't keep forking Bitcoin every time it goes up in value. Some shitforks are already doing this, but that doesn't make it Bitcoin.

The only thing I don't like, is how "millibitcoin" sounds when I say it out loud. It's too long and not nearly as catchy as "Bitcoin".
During my time as a Mod at Rollin.io, I've seen many people ask questions like: "how many mBTC is a BTC?". I don't know if they're just dumb, uneducated, or used to imperial units, as to me it's just common sense to use SI-units.

Quote from: DannyHamilton on January 05, 2018, 02:45:10 AM

Lets call the split version "millibitcoin", or we can use a slang name for it like "millies".

That still doesn't sound right to me.

Quote from: Chrstian on January 05, 2018, 09:31:48 AM

This made me laugh because he actually has a point.. I've spoken to someone complaining about how the barrier to entry for Bitcoin was so high (they legitimately thought they had to buy "a Bitcoin" to invest). There have been a number of other conversations I've had with people wondering how people can keep buying Bitcoin when they cost so much to buy.

As irrational as it is, I've heard it from several people too: "I'll buy some Verge, just for fun, because it's so cheap". People who say this don't realize the total supply is 1000 times bigger than with Bitcoin.
Of course it's not rational, but most people aren't rational when it comes to money.

Quote from: DannyHamilton on January 05, 2018, 06:29:01 PM

The system already had a 1000:1 split and then another 1000:1 split after that. People just aren't aware of it yet, and they aren't familliar with the new naming convention for the split amounts.

I think leopard2's point is that all exchanges call it "Bitcoin", they don't list smaller units than that.
The Byteball-thread has a lot of discussion about changing the unit from GBYTE ($870) to MBYTE ($0.87). I used to think this doesn't matter, but I've come to realize it does matter. Changing the units in my own wallet doesn't change how it's listed and traded.

On the other hand, how nice is it that 1 Bitcoin has a very large value, and that value is (most of the time) going up? An average car: 2 Bitcoins! Maybe somewhere in the future we can say the same about a house: just 2 Bitcoins!
That makes Bitcoins more like gold bars: everybody knows a gold bar is expensive, and everybody knows you can buy gold in smaller portions than big bars.