Just a thought: Has anyone considered the possibility of switching to the good old SHA-256 instead of one of the newer algos? I mean, if you think about it, bitcoin asics are cheap and widely available now so many miners already own them or can easily get their hands on them (unlike scrypt asics). GPUs are actually pretty expensive and use much more energy. Wouldn't asics increase the security of the network and also raise the mining difficulty making the coin more rare and thus more valuable?
I mean look what asics did to bitcoin. Didn't it actually make it a stronger coin? Perhaps bitcoin is an exception since it is the father of all coins. But the fact remains is that it seems to be a natural evolution to have more efficient ways to mine and at higher speeds i.e. asic miners. We can't depend on inefficient GPUs forever can we?
Also, since no algo is truly asic resistant, will it be forever a game of cat and mouse as newer asics come out? There's gotta be a stopping point somewhere.
There are probably a lot of points that I'm missing but just wanted to throw that thought out there as the community decides on the possibility of switching algo. Not trying to suggest anything. Just wanted to contemplate and stir up some discussion
