[reedjosh]

You're not making any real argument here, so I can't exactly refute it.

Proof of Work is a means of preventing any one actor from controlling bitcoin. Proof of Work is energy intensive, but the currency exists in a government resistant manner without the use of guns because of Proof of Work.

[kergonath]

> Proof of Work is a means of preventing any one actor from controlling bitcoin.

No. It does not prevent majority attacks.

It has also been very effective as a mean to enforce an oligarchy of those who have the hardware and made billions, compared to those who did not and who were at the mercy of fluctuations. It makes sense from a perverse right-wing libertarian point of view, but it has nothing to do with democratisation or taking the power away from the government.

[reedjosh]

Nobody has the majority. That's also the point.

> those who have the hardware and made billions, compared to those who did not and who were at the mercy of fluctuations.

I don't know what you could even mean. Having hardware just means you can mine BTC. Miners still deal with price fluctuations, and in no way have they been able to control or print BTC.

> ...it has nothing to do with democratisation or taking the power away from the government.

If the government couldn't take limitless loans from the Fed which creates debt from nothing -- a fancy way of saying print money -- if the government couldn't print money it would have to tax for it's expenditure and would be naturally constrained in it's power.

I honestly can't understand any of your positions and can only believe you're incredibly uniformed about the reality of money, power, and the genisis of and technology behind many crypto currencies.