- fully-customizable emojis (think of a RPG-like character customization screen)
- heck, why not full jpegs/gifs?
- some unicode programming script (running Doom)
- ?
That said, some very minor (HN-style) nitpick:
> Otherwise for an n byte code unit this is (5n+1) / 8n, that is 5n+1 content bits out of a total of 8n bits from n bytes. We can rewrite this as (5/8) + 1/(8n) which moderately quickly approaches 5/8 = 62.5%. It is nice that this limit is nonzero and does not depend on n.
Isn't a limit by definition no longer dependent on n?