A most excellent example of a BSIP cm, H U G E. thanks for investing the time to start thinking this through.

I fully agree that the loss of the interest on BitUSD during BTSX days was indeed a major mistake of BTS 2.0 (which showed a disconnect with marketing to an audience). I endorse your efforts in bringing this back, and also think incentives for people NOT to hold funds on central exchanges is a step in the right direction, and blacklisting exchange accounts is an important element related to that.

While I believe explaining things in as simple a manor as possible is a worthy goal towards effective communication, I would not want a BSIP to eliminate important details to give the impression of simplicity when a deeper understanding is required. Comments to "explain it like I'm 5" are fine, but can also give a false impression that it's "easy" to achieve the stated goals. That can be misleading and skew the assessment of the costs to implement.

Simplifying a topic so 5 year olds can understand it could translate into a very limited understanding and open the door to manipulation by the lack of essential details.

I don't think it's reasonable to expect an true "understanding" if essential details are omitted. What constitutes essential depends entirely on the topic.

Clear communication is the goal, and decomposing a concept into the fundamental aspects and omitting non-essential aspects is what good engineering is all about. A good specification will do that and the structure of a BSIP is aimed at that.

Many people are adverse to thinking these days. That is one reason why so few have even attempted to write a BSIP. Again, major kudos to you cm for your willingness to work through the BSIP process.