> This proposal's purpose is to ... expose all traffic using the http:// scheme to your ISP, exactly as it is today.
Isn't that a semantic requirement of HTTP, though? Half of the "tech" in the HTTP/1.X spec is to allow for caching of resources and responses by proxies, allowing anyone between the client and server (e.g. your ISP) to act as a CDN.
HTTPS/1.X effectively throws that away by doing end-to-end encryption. It's a trade-off: we gain the surety that all the responses are coming directly from the peer, rather than anyone else... but the web becomes 90% less cacheable, because the only places things can end up cached are between the client and the HTTPS pipe (i.e. the browser cache), or between the HTTPS pipe and the server (i.e. "reverse proxies" like Nginx.)
The current workaround for this, when you need caching for your Big Traffic on either ingress or egress, is to do what amounts to purposeful self-MITMing of your HTTPS session: to terminate HTTPS on a caching proxy, that holds the certificate of your client/server, and acts as if it were you, while itself doing another HTTPS session for "the last mile" to connect to you. This is what companies do when they deploy their own CA-cert to their networks, so everyone's access can be proxied through their own system; and this is what services like Cloudflare do when they sit "in front of" your server while not being a part of your company's VPN at all.
Basically, HTTP2 codifies this workaround, and calls it HTTP.