I'm willing to bet 100 BTC that ASICs will be the first mining hardware to be rendered useless by Bitcoin developers.
1. The core bitcoin developer team would only change the protocol if the entire community deemed it necessary.
2. If ASIC is brought out in a way to appeal to the masses, I do not see this happening.
I would be willing to take this bet any day of the week. No ASIC developer is going to want to destroy the hand that feeds them.
Sometimes we are not able to decide the course of things, sometimes they just go a certain way and we have no control over it, sometimes the hand that feeds you gets bit
regardless of how badly you dont want to destroy
and if you think the Bitcoin core devs make any big decisions based on what the "community deems necessary" you are dreaming and its time to wake up.
As far as the bet goes we need a date, which realistically this could happen in the next 1-2 years kind of long to make a bet dont you think?
I would welcome ASICs to the Bitcoin mining world if I thought that someone who wasnt motivated by greed was going to release one any time soon.
The thing with ASICs are this, realistically once you get passed the design and prototyping stage and you have something that works its very inexpensive to make these, we are talking about a couple dollars, a REALISTIC price for an ASIC chip - resale value is like $5-$10
Now lets just say that BFL's trade in program is completely legit, theres no small print.. if they are willing to give you a FULL refund value on a $600 item that has very little resale value for something that costs a few bucks to make. How much do you think they are going to be selling these ASICs for?
The answer is simple there.
Now what about wealthy private developers who have the money to design, prototype and manufacture their own ASICs?
51% of the Network could quite literally be purchased for probably less than what Gigavps's house is worth.
We TRULY need an OpenASIC initiative, something real and competitive. Otherwise it has the potential to get way out of control.
I dont mean to beat a dead horse here, I just want people to think before they sink everything into overpriced ASIC chips that have the potential to be rendered usesless later on down the line. ASICs can not adapt, we can change the software on our GPU/FPGA miners , but ASICs cannot, think about that before you spend a grand on something that cost a few bucks to make.