Quote from: 13abyknight on January 05, 2018, 04:35:51 AM

that would cause a drastic dip in the price even after dividing it by 1000 as it would set off panic and isn't something the core would think about.

It's already been done. See my post above.

It's actually been done twice.

The decimal point was moved 3 places to the right, and the amount was given a great new name "millibitcoin" often written as mBTC. This is 100% compatible with the current BTC network, and ALL bitcoin wallets can accept amounts that are sent as mBTC (if the receiving wallet doesn't yet have the mBTC naming convention built in, the network will AUTOMATICALLY convert the amount from mBTC to BTC as they are received in the wallet (with no exchange fees EVER!). There is a new nickname that is already catching on for this new amount, "Millies".

So:

0.001 BTC can already be used in some wallets as 1 millibitcoin (often written as 1 mBTC) and can be called 1 Millie!

1 BTC can already be used in some wallets as 1,000 millibitcoin (often written as 1,000 mBTC) and can be called 1 thousand Millies!

Then the decimal was moved 3 MORE places to the right, and the the amount was given a great new name "microbitcoin" often written as µBTC. This is 100% compatible with the current BTC network, and ALL bitcoin wallets can accept amounts that are sent as µBTC (if the receiving wallet doesn't yet have the µBTC naming convention built in, the network will AUTOMATICALLY convert the amount from µBTC to BTC as they are received in the wallet (with no exchange fees EVER!). There is a new nickname that is already catching on for this new amount, "Mikes".

So:

0.000001 BTC can already be used in some wallets as 1 microbitcoin (often written as 1 µBTC) and can be called 1 Mike!

0.001 BTC can already be used in some wallets as 1,000 microbitcoin (often written as 1,000 µBTC) and can be called 1 thousand Mikes!

1 BTC can already be used in some wallets as 1,000,000 microbitcoin (often written as 1,000,000 µBTC) and can be called 1 million Mikes!