When would be the plan to move the decimal?  I think we are already there. Maybe not moving it a whole 8 decimals over, but it should be moved some.

I remember a story I heard about Martha Stewart. I don't know if it is true or not.

Anyway, she was trying to sell cookies at the mall (back when she wasn't famous). They were homemade, probably delicious, and very, very reasonably priced. Well she wasn't selling any cookies, so what did she do? She jacked up the price to a ridiculous amount and sold out shortly after.

Anyway, I doubt this could compare to Bitcoins at all, but this is what it reminded me of.

Oh, and I'm sure the people who are quick to shout "ponzi scheme" will love to hear we are trying to "manipulate" the perception of Bitcoin in the eyes of the public.

Developers should set a date and try to make publicity of the date, so we move to UBT (micro bitcoins). The bitcoin program should use UBT (1 000 000 UBT = 1 BTC) as unit, mtgox should use UBT as unit and everyone that is not selling houses or planes should use UBT as unit.

Hey, just for fun, why don't we creat a new binary-based virtual currency?

I know to a logical person the idea that someone would rather have 100 of something than 1 of something is stupid if it's worth the same but psychologically people would prefer the 100.  A broad userbase would benefit from such a move to bitcents at least.

You may be right, but I have some anecdotal evidence to the contrary.  Since the $10+ spike in bitcoin prices we've sold considerably more shirts in our store.  When the price went to a fraction of a bitcoin (currently something like .82), sales got a strong boost.  

Of course there are a lot of confounding factors (the site is gaining trust, we've added more designs, etc), but you can at least argue that there is a psychological effect along the lines of "Hey, I don't want to spend $15 for a shirt, but for less than a single bitcoin, how can I go wrong?"

See, it all depends on if you're doing your thinking in bitcoins or your national currency.  Having my prices be lowered to .1 bitcoins because of deflation might make me a millionaire.  

I totally agree - moving to some smaller denomination would be very important from a psychological point of view. I am sure many people who now hesitate to spend 20$ for one BTC would love to have the opportunity to buy 1 million UBT for just 20$.

I think we would have to work on the name though - micro-Bitcoins doesn't have a selling ring to it IMHO...
Moving the decimal point 6 places has some nice properties already discussed elsewhere and is a final solution because we would never have to do it again. In addition to that, we could theoretically keep the name Bitcoin because there is little risk of confusing "old" BTC with "new" BTC when they are 10^6 apart.

Last but not least, the early-adopter greed factor would probably be reduced as well because now everybody can be a millionaire again

As for the other issues on Cusipzzz's list: they are very important as well but somewhat orthogonal to the denomination question. A change of the representation could very well be done easily once a consensus is reached, whereas the other issues require quite some more design and implementation work.

This!

If my account is:
1 BTC;
1.0 BTC;
1.00000 BTC;

Which one gives the impression to have more of it?
The last one, as it shows we are supposed to look in the decimal zone.

Don't change the name, simply add some zeros in the GUI.

I think it would be useful to have a feature in the official Bitcoin client that uses open data feeds to show the up-to-the-minute exchange rate from BTC to the currency(ies) of your choice, and lets you send the Bitcoin equivalent of an amount denominated in one of those currencies to any Bitcoin address. So if I'm in the US and see a blog post I like, and want to give the guy or gal a few cents or a dollar for their efforts, I can just conveniently enter it that way into the Bitcoin client without having to do the conversion myself every time.

Instead they'll say "but you told me there can never be more than 21 million! Now there are 21 trillion! It's all LIES LIES LIES!!"