I do mine Monero. Canada is actually a very good place for mining crypto because in most parts of Canada the winters are very cold.

... but without those who sell low hoping to buy lower the whales will starve.

Actually I like finding a Monero block once in a while rather than pool mining. As for predicting the timing of software releases good luck with that. When the GUI or RingCT are released the market will pass judgment, as with any other Monero release.

Actually what is pointless is this entire debate. You started a thread about Monero's launch, and Monero is currently mined with CPUs and GPUs. So what is even the point of arguing what will happen when the latest generation of Bitcoin, ASIC miners becomes obsolete?

If 11.7 cents of electricity nets 11.7 cents worth of heat plus 1 for cent of income for 12.7 cents total it is not pointless. Why do you have such difficulty understanding what the free market is saying? There are situations where it makes economic sense to  operate an electric space heater. As long as these things are sold, and people buy them and operate them, then my case stands.  

I said in the 100% electric heat case not the natural gas case.

What you are describing here is a new generation of ASIC that has a 75x efficiency advantage over the previous generation. Even in this case the old ASIC is still competitive in the 100% electric heating case since 1) The old ASIC has zero capital cost since it has already being depreciated and 2) There is zero effective electricity cost.

The real issues here are
1) The builders of the ASICs are also the operators of the ASICs
2) The Bitcoin at 1MB block size is too small relative to the Bitcoin 10 min block time. This allows 1) above to happen, by minimizing the impact of the Great Firewall of China.
3) The whole POW mining algorithm in Bitcoin is broken regardless of how Bitcoin is mined, since the emission in Bitcoin will go to zero over time. We can debate forever how Bitcoin will fail over this, but I understand that we are in agreement that this will cause the eventual failure of Bitcoin. Even with fixed 1 MB blocks I fail to see how the "fee market" in Bitcoin is supposed to work.

By your own figures you are still reducing the mining cost by 33%, the cost of the natural gas, so ignoring this does not make economic sense. As to whether natural gas or electric heat is the better option there are a host of issues above the cost of the energy it self. two major ones are:
1) Capital cost are higher with natural gas
2) With electric heat is easy target specific areas rather than the whole house, business etc. This is where electric heat can have big gains over natural gas.
My point remains. As long as electric heat is part of the equation there is the opportunity for 100% savings. If it is not then the savings can range from 25% to 70%. or more

Edit 1: Here is an example at http://www.csmonitor.com/Environment/2012/1207/Cheapest-way-to-heat-your-home-Four-fuels-compared/Natural-gas-1-024 Natural gas comes in at 78% of the electricity cost.

Edit 2: About the only case where you could have a case is passive solar heating; however even there can be a small electrical component.

No

ICO = MSB https://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

Now how many ICOs are also registered as an MSB?

You can ignore reality if you wish.  Take a pure carbon fuel such as coal. The efficiency of a coal fired power plant is upwards of 30% in some cases 40%. The efficiency of a coal fireplace as a source of heat maybe 5%. I used to live in the UK where coal was commonly used to heat homes even in the 1970's It is been phased out because it is so inefficient.

Edi 1t: Repeating the same erroneous statement over and over again does not make it correct. Here is Canada there is a large number of residences and businesses that are heated with electricity. Furthermore even if one were to use a fuel such as natural gas, it still has a cost and if that cost is displaced by the POW mining operation, this an economic advantage that only works if the mining is decentralized. All of this is basic thermodynamics.

Edit 2: You are also ignoring cooling and air conditioning costs. Setting the value of the heat produced as a by product of POW mining to zero makes zero economic sense. The heat produced has a positive or negative value that depends on the weather. It also depends on the heating needs of the miner. If one produces more heat that is needed to heat one's home then there is no or negative value on the excess heat. This is where that small player can have high advantage since scaling to a larger POW mining operation actually increases the per unit cost.

Another way to significantly reduce the risk is to dump Windows and use GNU / Linux instead

There isn't a fixed maximum blocksize in Monero.

Monero uses an adaptive blocksize limit that imposes a quadratic penalty on increasing the blocksize above the median blocksize, with this penalty proportional to the emission. It can range from zero for no increase to the full emission for doubling the blocksize (the maximum allowed), from the median. This penalty also is not "refunded" if the blocksize falls below the median.  Another critical aspect of this is that Monero has a tail emission of 0.6 XMR per block, since otherwise there eventually would be no penalty.  

You are of course correct in that cost in real terms of Internet bandwidth will of course be a limiting factor, so will other costs such as computing power, memory, digital storage etc.; however these costs change with time so one cannot determine a fixed maximum blocksize from them.

Edit 1: Monero's block time was recently changed in a hard fork to approximately every 2 min.

Edit 2: The idea is that in order to increase the blocksize miners will demand extra fees in order to compensate them for their loss in emission. If there are additional costs such a Internet bandwidth for example to mine a grater block then the fee will need to compensate for those additional costs in addition to the loss in emission. So in effect the market sets the maximum blocksize in Monero.

Edit 3: It is also fair to say that the Internet bandwidth limit has not been tested in Monero and it could be a fair amount of time before it is tested if for example the cost in real terms of Internet bandwidth falls at a faster rate than the rate of growth of the Monero network.

One cannot properly put a limit on the theoretical transactional capacity of the Monero network because that will ultimately depend upon the cost in real terms of such things as computing power, memory, digital storage, bandwidth etc. Furthermore those costs could very easily change drastically over time. To put things into perspective, I doubt any payment card network could have come anywhere close to matching the current transaction capacity of the Bitcoin network using the technology of 1949; namely punched cards, tabulating machines and telegraph lines. 1949 was when the Diners Club was first conceived. https://en.wikipedia.org/wiki/Diners_Club_International

Be Careful What You Wish For.  What if a crash in Ethereum sends Monero to the moon?

I am not promoting theft, just telling it like it is. By the way I guess you will not be able to participate in the stock market, which is the heart of capitalism, since every major stock exchange uses software with "viral communist Copyleft licenses" The licenses were inspired by and to a large degree written by this guy. https://en.wikipedia.org/wiki/Richard_Stallman. Furthermore  you also may not want to use Windows 10 because Microsoft has rewritten the Windows kernel in order to run the GNU toolchain on top of Windows. https://blogs.windows.com/buildingapps/2016/03/30/run-bash-on-ubuntu-on-windows/.

Edit: I do not condone software piracy. Furthermore I have on more than one occasion identified software piracy and provided cost effective alternatives that eliminated the "theft of intellectual property". 

You still have not answered my rebuttal to your claim "POW mining is equivalent to paying the utility companies for electricity". It is you who drew your gun first and fired wide. Now I get to shoot. You Americans should understand this.

Edit 1: One does not need a mathematical proof or a white paper for something that should be obvious: Such as In many cases it makes economic sense to run an electric space heater when it is -40 C or F outside.

Edit 2: Maybe you slipped on the ice.  

I do not need to. It is you that is making the claim that it is not, and proving a negative is even harder. What I have already done is disprove your assertion that POW mining is equivalent to paying the utility companies for electricity. That is why the weather is so critical.

Edit: In another context I would agree than my claim requires proof; however give the title of this thread "My rebuttal to the fairness of proof-of-work launch (Monero's holier than thou)" my claim is valid since the onus is on the OP to prove his assertion not on the rest of use to disprove it.

First of all, there is no point in comparing Monero's distribution method or that of any coin for that matter with your proprietary secret sauce. As far as I am concerned, your proprietary secret sauce has zero value until people can use it. That means you will have to reveal it and run the risk that someone will copy it and not pay you for your intellectual property, As far as what is already there in the market when it comes to fairness Monero's POW is among the best.

The weather creates an uneven playing field https://www.wunderground.com

Why do you not simply argue that Moenro's POW is unfair because it discriminates against Americans in favor of Canadians? Furthermore even within the same Canadian province there is also discrimination since those who live in Prince George BC like myself, have an unfair advantage over those who live in Victoria BC. As for those who live in any part of Africa they are really discriminated against. Then there is also religions discrimination. The economics of mining Monero are very different in say Vatican City and Makkah. Jerusalem is somewhere in between.