[hndamien]

Not quite. Your points are very valid, but you need to compare it with the current system. The new system of oligarchs comes with new constraints. The initial creators in some ways deserve to be significantly rewarded for such an innovation, as the new constraints are that supply is limited, thereby the rising tide lifts all boats of participants. Proof of Stake does this but takes away a significant randomness in distribution and guarantees that the majority is held initially by one authority - this is not guaranteed at all with POW, and if not premined, then even better.

Your other crticism of maximalists fearing an alternative, this is really just BS. I will gladly tell you (as many maximalists will) that Monero is actually better on most fronts that Bitcoin tries to win on. Scalability is really the only thing it leads on, and this is not out of the realms of possibility for Monero. So you can choose your oligarchs, and you can choose how they are constrained. Hopefully your community will grow such that you all benefit.