I'm not too knowledgeable about this 'BIP' things.
This was my first time hearing about it and by looking at how it seems like people are beginning to accept it and see it as a way to reinstate their trust into the markets, it must be a good thing.
Let's see if they get endorsed since it would definitely be better with we had 1 bitcoin entity rather than fragmented versions of it.
Thanks for the informative post @thecryptofiend
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You're welcome. Hopefully it is the reason and it does succeed.