It turns out the transition to fractional amounts, which is required for reducing the minimum fee, will not be that simple. It would require adding a new transaction type, because the current ordinary payment transaction stores amounts and fees with 1 NXT precision, not multiplied by 100 as in the account balance. So it will take longer to implement and test. The positive side is that while doing that we can make the fractional part allow amounts much lower than 0.01, so we will achieve much higher divisibility.
well I guess now we have more time for discussion of number of decimal places and also more on fees. Maybe we want to start with 4 decimal places and allow us options to 'split' in the future (something that hasnt been done in crypto before, they just go with eight and done) or we could just go 8 and done.
Im still torn on using percentage-based fees on ordinary transfers, or for my other suggestion for fees based on byte-size of each transaction. if you do a %, then what about AM/alias? Do we hard-set fees for aliases/AM? or just leave that for future debate, as fee-changing is apt to take a lot of work/testing anyways.