@adambalm: Also, anything

Also, anything that is profitable enough to mine people will almost instantly make an FPGA for and then upgrade to making an ASIC. What are they planning to do, fork the network everytime someone makes an ASIC for their algorithm? These guys look stupid and they were conned by Bitcoin Core's bullshit. The current miners have over a 100 million set aside to kill any attempt to take out their business. The other thing they do not understand is that mining will be decentralized within the next 12 months because the miners have slammed into Moore's Law with the last batch of 16nm miners. This is why there has not been a new miner released in the past 12 months. The only thing for them to do now is start making them more efficient and flooding the market. Everyone in technology knows this, the people in bitcoin who do not know this are people that are only getting there info from r/bitcoin. The mining problem will solve itself, this is why most people are not worried about it. You should look at a few of the things I have written on here if you want to know more or feel free to ask me. There is a link in my profile that you can use to contact me.