I think this defeats the whole purpose of the decentralized coin idea and it will not be allowed to die.
I think the future of crypto currency is in the coins that are ASIC resistant or for coins that strive to be ASIC resistant, like someone was saying BTG is trying to avoid ASICs as much as possible.
I think everyone is aware of the fact that the BTC network has become very congested (transactions are being processed very slow) thus sellers are starting to keep away from it.
I mean even the bitcoin conference did not accept btc as a form of payment. That tell us something right?
There are plenty of ASIC resistant coins to mine profitably with your GPUs.
ASIC devices will just be a part of the mining market. Most of miners are using GPU rigs, because if you're bored with mining, you can just sell your GPUs for gamers.
A bunch of ASIC devices is already obsolete, nobody wants it and it's not profitable anymore.