Dear Ernst,
I must commend you on your excellent responses to so many commentators. As have so many others, I have also found your topic to be stimulating for some time. I must explain though that I'm a simple retired information systems analyst with no education or background in physics and only simple math. I think you can determine much from the descriptive title of my essay, Inappropriate Application of Kepler's Empirical Laws of Planetary Motion to Spiral Galaxies Created the Perceived Galaxy Rotation Problem - Thereby Establishing a Galactic Presence for the Elusive, Inferred Dark Matter. All that said, if you can bear with some improper terminology I'd very much appreciate your brief consideration...
It's obvious that no amount of physical matter could possibly fit within a dimensionless singularity, yet SMBHs have observationally been confirmed to represent at least some exceeding compact enormously massive object.
Considering what form of physical matter might produce such a dense mass, the next densest material object should be evaluated. As I understand, Neutron stars, produced by gravitational collapse, are thought to consist mostly of neutrons, with a core that may contain a hyperdense free quark-gluon plasma. This poses a problem, since these are the densest forms of matter known, yet Neutron stars do not seem to approach the density or compact gravitational characteristics exhibited by SMBHs.
It seems clear then that no form of physical matter could produce the properties required of a black hole singularity, yet the existence of some type of object more dense and compact than a Neutron star has been confirmed.
I suggest that these conditions require the separation of matter's dimensional occupancy requirements from its potential mass-energy capacity for producing gravitational effects (described in GRT as the curvature of spacetime).
Accreted massive objects are decomposed and their constituent atoms seem to be disintegrated by the processing of the extreme conditions of compaction and collision while being accelerated toward the event horizon. If in fact all these material elements are ejected as streams of high energy fundamental particles, x rays and gamma rays, perhaps even the potential mass energy previously configured within the processed materials is separated, analogous to the dispersal of elementary particles and mass produced by high energy particle colliders.
In this case, I suggest that only the potential mass-energy of ejected material is retained within the event horizon, that it collectively distorts spacetime to be exceedingly curved in relation to a single geometric focal point - a singularity. The singularity is simply to focus of retained potential energy while all dimensional matter has been extracted and ejected through the relativistic polar jets.
This scenario is speculative if not even fanciful, of course, but would allow the coexistence of effective singularities without unphysical states of matter and the appearance of relativistic jets.
I'd be very pleased if you can consider these 'wild' ideas briefly and comment freely.
Sincerely, Jim