[ Bellevue: ]

Adopt option 1 and move to review, not ready.

There was a lot of confusion about what an empty shared_ptr is (the term isn't defined anywhere), and whether we have a good mental model for how one behaves. We think it might be possible to deduce what the definition should be, but the words just aren't there. We need to open an issue on the use of this undefined term. (The resolution of that issue might affect the resolution of issue 711.)

The LWG is getting more uncomfortable with the aliasing proposal (N2351) now that we realize some of its implications, and we need to keep an eye on it, but there isn't support for removing this feature at this time.