~snip~
It looks to be my fault starting this thread by quoting from Satoshi and the white paper but it was the right decision because it doesn't matter
how Satoshi presented his work, it matters
how he had to present it:
as a solution to the double-spending problem!
If bitcoin was not such a solution it wouldn't get any attention, leave alone surviving for more than a decade and surpassing a whopping 120+ billion dollars market cap now in its worst days. We have
pooling pressure flaw in bitcoin PoW since the first few months after the Genesis and we have pools and all this 51% threat around since late 2010. Bitcoin didn't survive because polls didn't practically do anything bad as the result of some fragile game theoric analysis. People don't trust a system that is half an inch away from a total failure.
Actually I didn't focused on what Satoshi said of Bitcoin's whitepaper, I merely just touched your argument about it which is clearly stated before you quoted Bitcoin's whitepaper. My answer/post basically was just touching all the arguments you have laid on how Bitcoin is the "solution" for double-spending just because Bitcoin's whitepaper has said it so. So I'm sorry if I got off-topic with your new topic, I was basing it in your OP.
Now, and please stay focused, if the double-spend is solved in the first place regardless of what is happening in the mining scene, what's actually driving the anti-PoW/anti-miner propaganda/instincts in this community? I'm asking about the rationale behind this phobia and the way it is blocking so many scaling ideas and proposals? If double-spending is not going to happen and bitcoin supply won't ever exceed the cap, what else is at stake that makes people nervous about trusting in PoW?
One having fear/worry on something they believe in won't really go away. The presence of just a possibility of a 51% attack happening alone just put some fear in a lot of people, seeing that there is a possible flaw on how Bitcoin transactions work and how they can be erased, reversed, and be double-spended is something that can cause fear in both the consumer and the producer side of things. Not until we reach a certain level of miners really dominating the network I guess this fear from a 51% attack won't just disappear instantly.