Ostwald Law of dilution makes no sense According to wikipedia

the Ostwald's dilution law says that for a weak acid
 $K_{d}={\cfrac {[A^{+}][B^{-}]}{[AB]}}={\frac {\alpha ^{2}}{1-\alpha }}\cdot c_{0}$
when I read the derivation of it ,I knew something was wrong
specially this line : 


  If α is the fraction of dissociated electrolyte, then αc0  is the concentration of each ionic species  


here is how i see it : 

$AB\rightleftharpoons A^{+}+B^{-}$
each Molecule of AB gets separated into A and B when put into water
so we can make a small table 

|                     |     AB    |   A    |   B     |
| Before dissociation |   1 Mol   | 0 Mol  | 0 Mol   |
| Concentration Before| 1/V Mol/L = C acid Mol/L | 0 Mol/L| 0 Mol/L |                 

| After dissociation  | (1-X) Mol | X Mol | X Mol |                          
| Concentration After | (1-X)/V Mol/L | X/V Mol/L | X/V Mol/L |


V = Volume of the Acid AND Water,
After dissociation is an equilibrium between AB and (A,B), so we can apply the law of mass action
$$
K_{dilute}=\frac{\frac{\alpha}{v}\cdot \frac{\alpha}{v}}{\frac{\left(1-\alpha\right)}{v}}
$$
and then
$$
K_{dilute}=\frac{x^2}{v\cdot \left(1-x\right)}
$$
and as we referenced the AB Concentration Before dissociation with $c_{acid}$ = 1/V , then
$$
K_{dilute}=\frac{x^2\cdot c_{acid}}{\left(1-x\right)}
$$
and from here the non-sense starts,
the law says that X is a very tiny value so (1-x = 1) making x = 0 but forgetting that this way $x^2$ is even a tinier value and would also would also = 0,then $k_b$ = 0 , but in my opinion the law should be 
$$
\alpha ^2+\frac{K_{dilute}}{C_{acid}}\cdot \alpha -\frac{K_{dilute}}{C_{acid}}=0
$$
to get $\alpha$, and to calculate the concentration:
$$
\left[A^+\right]=\left[B^-\right]=\frac{K_{dilute}\ \cdot \left(1-\alpha \right)}{\alpha }
$$
Any explanation would be appreciated
You made $K_b$ = 0. That is where you were wrong. Taking approximation of Neglecting $\alpha$ with respect to 1 only gives us advantage of not solving the quadratic equation.

From there you can write $\alpha = √(K_b/C)$ here you can see $\alpha$ comes inversely proportional to $√C_o$ or we can say directly proportional to $√V$. From here you can deduce if $V$ approaches infinity $\alpha$ approaches 1. And that's the law.