Like Pol Pot? Um, no...
Just saying... The term reeducation implies authoritarianism like Pol Pot's Cambodia or Mao Zedong's China.
Mil-e-bit-coin is just a really stupid thing to call a unit of currency. The fact that it is four syllables is but one of the many reasons why.
I believe the language will develop naturally. For one, if it becomes the dominant currency of the Internet, most people will be fine with using an abbreviation that is never spoken aloud.