I couldn't disagree more with moving to a new algorithm.  Vertcoin is already ASIC resistant; devs have got spooked into this announcement without evidence that ASIC miners will even be tempted to mine Vertcoin. Memory hardness is a real deterrent, it will always be more profitable for the ASIC miners to point to plain Scrypt coins.   Plus the N factor change will do the job of keeping the proportion of ASIC miners low over time meaning the pressure to change will just not be there.

The real danger is that Vertcoin becomes marginalised and loses even more value as a result of being the only one based on Lyra2.  Why would any other coin adopt it?  The only coin that has ASIC resistance in its mandate is this one.  Changing algo is not something to be taken lightly, it indicates weakness not strength, instability not innovation.