But that's not what you're doing. You're gunning for becoming the standard from the start – you are trying to convince people to use your draft implementation based on its status as a proposed standard, instead of them using it on its own technical merits.
Ditch the status, and see if anyone still wants it.
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Yes, reactive UI won – just fine, without having signals in the JS standard. Because not having signals in the language was never an actual problem holding back reactive UI development in JS.
Your proposal does not "bring down complexity". It simply moves the complexity from UI libraries into the JS standard. In doing that, you forcefully marry the ecosystem to that particular style of complexity. Every browser vendor will need to implement it and support it... for how many decades?
And to what end? Unlike e.g. promises that are useful on their own, your proposal isn't nearly ergonomic enough to allow building reactive UIs in vanilla JS. Users will still need to use libraries for that, just like they do today. You're just moving one piece of such libraries into the standard, without building the case for why it's needed there.
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Your proposal spends pages selling the readers on signals, but that is not what you need to sell. We already have many implementations of signals. You need to sell why your (or any) signals implementation needs to be in the JavaScript standard.
You have one tiny "Benefits of a standard library" subsection under "Secondary benefits" but it's just ridiculous. You're basically saying that we should add signals to JS because we've added (much simpler or more needed) things to JS before – is that really your best argument?
And... "saving bundle size"? You want to bless one implementation of a complex problem to save what, 5KB of this: https://cdn.jsdelivr.net/npm/s-js
Sorry, just – nothing about this makes sense to me.