Should "BLANK" be one, or two underscores?

I also prefer just single blank mainly for same reasons @ShixinZeng gave.

However for an alternative solution then how about #_

Because this then follows on nicely to having literal TRUE / FALSE...

blank: #_
true:  #true
false: #false

And if not enough savings are perceived over #[true] & #[false] then these can be shortened (or have aliases) to #T & #F

PS. I know this is stepping further onto ISSUE! datatype but we already have Prebol, Include & Red macros doing this!