I think ASICs could work if there is more competition in the market and no monopoly of single company. Another problem is there retail availabilty and pre mining which could be solved if competition increases. Intel only bought good processors for cheap when AMD bought them in the market first. Competition solves many problem and it is necessary for healthy working of capitalism.

But crony capitalist CCP and Bitmain won't allow that to happen. You can't even open a ASIC company in china. Bitmain has all the cards, they control the whole game. SIA founder tried to open a ASIC company in China and lost million dollars due Bitmain's tactics not allowing him to open the company.

We shouldn't let such (or any) company and govt. control the entire ecosystem. Instead of thinking about small personal profit one should think about the big picture but that is the job of the devs as we can't trust the community to act responsibly. The average miner doesn't care about decentralisation or cryptocurrencies, all he cares about is how to get maximum capital gains in least amount of time. One should not hope that one day the community will take the red pill. Only support coins that are against ASICs.

ASICs are still necessary because they lead to more advancement in stronger asic-resistant coin. The problem with majority is that they think if an ASIC has been made for asic-resistant algo then gpu mining is dead. They only look at one side. When powerful missiles came, tank's armour became more thicker and stronger. None of that has stopped to this day. More powerful missiles come with more powerful tank armour. One will come before another. Similarly if there are more powerful ASICs now there will be more powerful ASIC resistant algo in future. No antivirus is virus-proof forever, they keep updating to protect the computer. Same with asic-resistant algos.