When Vint Cerf and Bob Kahn described TCP/IP in their whitepaper published in 1974, they didn't follow up with requests for compensation. That is how a protocol works, it is submitted, reviewed and then vetted by professional peers - and either taken up into projects and worked into hardware/software, or abandoned if it is found wanting.

The fact that this protocol release is imitating an early 2000's tech-bubble IPO is extremely worrying, and I have grave doubts about the entire undertaking, even if your ultimate aim is to "improve bitcoin". You don't want to "compete" with bitcoin, but you'll gladly craft a system that takes "Tragedy of the Commons" to new heights of exploitation.

The blockchain isn't your personal hard drive to stuff with whatever you wish, it is a payment system and a global currency. There seems to be quite a lot of greed-driven behavior in bitcoin, and I'm sorry to say that this effort is no different.

Release the protocol and behave like the noble founders of the internet did, or get money signs in your eyes and behave like the monied interests that most people despise. It's your choice.