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Well, after much research and careful study I can say with full confidence that the poneglyphs are not written in any recognizable language, be it dead, alive, or otherwise. What I can tell you about the symbols is that they are Hebrew after a head-on collision with the Greek alphabet and the exact symbols vary from poneglyph to poneglyph. You'll notice a huge difference in the symbols on the Shandora Poneglyph seen below and those on the Ryugu Poneglyph for instance. There are also a few other symbols thrown in there for added confusion.
Skypiea Poneglyph

The poneglyph under the belfry.

Try to find the circumpunct in the seventh line down. If anyone here thinks they could even fathom a translation, be my guest. I never was particularly enthusiastic about deciphering something from multiple languages at once, but I welcome anyone to try it. Well, that's really all I have to say on the matter. You can all go back to your ahou blogs now.