I really enjoyed the BIP-110 and spam/scam content. Saylor's equity offerings are not a threat to the protocol so I am less in bashing a company that holds bitcoin trying to come up with ways to give investors of equities more choice, especially in the bank heavy preffered sector. While you reference rehypothecation as a legitimate threat, there is no credible indication that what Strategy is doing with it's holdings lead to that because there is no lending of bitcoin. There is only fiat revenue (preffered stock) and a company risk added to bitcoin (common stock). Not seeing this as a threat at the protocol layer.

All that said. Why are we walking away from BIP-110 material when that is supposed to be the only fix to our current dilemma?