Also known as, "homeopathy". Probably just as effective.
Microdosing is about taking as much as you can without hallucinations. Still works, still enough active molecules in your dose to make magic in your brain. It is usually like 1/10, not 1/1000000000
On a related note, watch James Randi swallow an entire bottle of Homeopathic sleeping pills in this talk: https://www.ted.com/talks/james_randi