Everyone is talking about this, but not coming upon or considering the necessary solution, which is this:

We need a semantic change, nothing programmatic needs to happen to the core protocol.

We need to change what we call a 'Bitcoin'. It should be much smaller, possibly what we now call a Satoshi, or 10 or 100 of what we now call a Satoshi. THIS IS VERY IMPORTANT. To stay consistent with the concept of coin, 'Bitcoins' need to be something that people can acquire many of. The rest of the denominations should be ONE OR AT MOST TWO SYLLABLES. They should not be wholly invented, they should be adapted from popular language. A "grand" for 1000, or other simple common names for powers of ten from the top common globally used languages.

What we currently call a Bitcoin should be called something else. "A full ____ of Bitcoins". I like 'Satoshi', although something else would be less confusing. Think of it and explain it like a bar of gold.

A Proposal for the Mitigation of Bitcoin's Linguistic Transaction Costs