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FYI, IP is a phonetic acronym for "I pee", meaning "I urinate"

Two letters can have more than one meaning!

Yeah, and it can also mean Intellectual Property.

But "Ethernet/IP" is not just "two letters", is a trademarked brand.

I think the holders of the trademark of Ethernet might have something to say about that.

Ok, you can go to the ODVA and tell them.