Be careful in saying this and believing it is the "truth". The same were said of Scrypt, Equihash, and Cryptonight. But they ended to have ASICs built for them. How can you give assurance of ASIC-resistance?
I believe "ASIC-resistance" has become a buzzword.
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I will give the benefit of the doubt. But I believe Jihan Wu won't.
The beauty of computer science is that it is no magic, just pure mathematics. No matter how expert or wealthy a cracker is, he just can't build a specialized device with much more than 2x efficiency for Ethash or 1.2x for ProgPoW. This is how it works in the real world. You take Bitmain too serious, imo.