Quote from: RobertM on January 24, 2013, 08:53:35 AM

thanks for reply, i'd like to discuss about it. if i'm wrong i'll be very happy.
u talked about gold.
but gold is different.
in the ancient time, people like gold just because it looks wonderful and rare and easy to store.
now we know it's really rare.
but if alchemy can change something to gold.
do u think gold it worthy?

The point is, ASICs are not a philosopher's stone to Bitcoin,
they are no secret alchemy that could change something to BTC by some math-magic.
ASICs are just better shovels, they work the same way as old shovels, they just dig deeper, bigger holes, because they're hydrauilic.

If you throw enough money on FPGAs, or GPUs and electricity, today, you can also try to attack the network (if that's your main concern),
it has always been possible with enough resources/enough money to spend, the thing is, that if you have that much resources/money, it's more profitable to be an "honest miner" than to attack the network (which doesn't make you any profit at all).

With ASICS nothing changes.