I is the Square root of -1, such that I * I = -1. Through this, I can be considered like a "Half Negative."
Why hasn't this been taken further? Why don't we make a quantity such that I^3 is -1, such that I is a third of a negative?
This can also be thought of as adding a new dimension. Positive numbers go to the right, negative numbers go to the left, imaginary numbers go up and down, and now, this new type of I goes into the third dimension.
In the end, nothing in math really exists. The concept of negatives were made up to make math work; however, this is hard to really understand. Why can't I just say that dividing by zero now produces some actual new concept? How can we just keep creating new numbers whenever we need? Who says that, for example, 8 / 0 is undefined. Why can't it be equal to 8j, or something of that nature, such that 8j * 0 = 8?
Why can't we just keep making up new math concepts?
It is taken further. In fact inside the complex numbers every equation of the form $x^n=-1$ has a solution. Or more generally every polynomial has a root. So you don't have to invent new numbers, complex numbers will work just fine for that.
No, not really. At least not in precise meaning of the word dimension. But we can and do actually add dimensions in different way, e.g. quaternions or more generally Cayley-Dickson algebra.
Well, it is a philosophical statement: what do you mean by "exists"? But I kind of agree with you.
Yes. Entire math is made up. So what?
You can. Nothing stops you from doing this. However math is an art of logic. And so if I want to have a structure that satisfies some axioms, say a ring, then a logical consequence is that zero is not invertible. But there's nothing preventing us from considering different axioms in which indeed dividing by zero is possible.
Yes, imagination is the limit. Isn't this the most beautiful thing about maths?
We can, and we do that all the time. There's nothing wrong with that.
However the most important mathematical concepts are those that have applications. For example differential calculus is way more important than for example homological algebra. And so not all concepts are equal in this sense. Those that serve to solve real world problems will be valued highly. Other not necessarily. And that's why you will often hear "you cannot divide by zero". It is not a universal truth, it is just that those useful concepts don't allow it logically.
Logic is a limit though. Trying to work beyond it may lead to chaos, where everything is true and false at the same time. Beyond logic are unknown waters, forbidden territory. :) Again, maybe someone does consider it, but it is likely to be of little use.
Yes, complex numbers have huge applications, especially in quantum mechanics.
Absolutely no one. You can think of any concept you want. But life is life, some will be accepted, some rejected. And some will be accepted only after you die.