To illustrate why I think, long term, YAC will succeed where coin is destined to fail, I need to bring up a quote from Luke-Jr from a couple of days ago, which has stuck in my mind.
Cryptocurrencies don't exist for miners. Miners exist for cryptocurrencies.
Whether deluded or not, YACoin is slowly building a solid and ever expanding core of desktop CPU miners, who may well be making a net loss now, but are happy to support a currency they feel they actually have a stake in, and that has a long-term future.
The miners who expect a constant stream of new coins, suitable for them to quickly mine and dump, have long since left it for dead, yet the network survives - the chain hasn't ground to a painful halt (unlike some well-supported-at-launch cryptos). Those miners aren't going to see the long term picture - it's not in their vocabulary. I can't blame them for that, more power to them, hope they have fun and make loads of dumb fiat with their many graphics cards.
1 last thing, sorry.
Do you truely believe, that, in this day and age, someone, somewhere, has not figured out, how to mine YAC using a GPU? It's being mined by GPU, the few people doing it, are kepping it secret, as long as they can turn a profit doing it
Anyone who has taken time to study the facts has identified that it's highly unlikely anyone is dominating the network with GPUs at this point. You can discern this from watching the network hashrate, the spread of blocks around pools with relatively low hashrates, etc.
The only person who has publicly divulged the existence of a successful GPU implementation is mtrlt - hey, as developer of the Reaper miner, you might've expected he'd be capable - yet even he discovered that his solution will cease to work once N reaches 8192, in August of this year. (see below)
I did some GPU testing with high N values. The gist is: at N=8192, I couldn't get it to output valid shares any more. Therefore, with current information, it seems that GPU mining will stop on 13 Aug 2013 - 07:43:28 GMT when N goes to 8192.
Anyone who can't see the long term potential of YACoin at this point probably needs their heads tested, but based upon their almost schizophrenic, changes with the wind attitude to any and all altcoins launched, the existence of mental imbalances among most of the posters above wouldn't come as a complete surprise.