Scrypt Coins are the second most mined coins. They also tend to achieve better prices than SHA256d coins. People new are not going to want to tune in GPU's to mine the X11, 13, 15 Coins. Blake256 and SHA3 are just as impractical in this situation. We are trying to cater to new people that are not as technically sophisticated as most miners are due to the fact some of them only just heard about CryptoCurrencies but are eager to participate.

Plus this Coin is not meant to mine. In fact its discouraged due to its supposed to be an energy efficient coin, compared to running hot loud GPU's or ASICs for that matter. A hard fork could be entertained at some point some day in the future but thats a pretty serious modification and nothing to be taken lightly.  Cuckoo is an interesting hashing Algorithm but even its quite some time away from being applicable and even further for the public to try and use. https://github.com/tromp/cuckoo

I have no idea what algorithm you were even referring to that you consider to be so much better? Look at FeatherCoin, neoscript has not accomplished anything impressive in my opinion since they switched algorithms. I realize the market plays a more major part in its price decline, but the hard fork in might have not been the best choice for a great coin like FTC with one of the best communities in the game.

I hope you stay around regardless of your opinion of Scrypt.

~TeamNTC