Yeah, sure the miners are the first ones on the train by default with any new coin. The difference here is that Litecoin was new three years ago so I'm not sure what FreeJack2k2 is expecting to happen when everyone has ASICs. Is he expecting those who purchase ASICs to not only hold the coin they mine, but buy additional coins as well?
They will have to hold the coin. Basic economics will dictate that, because there will be no other coin for that hashrate to flee to, for profitability. It'll be the same situation as exists in SHA-256 today.
The strength of the network will attract development and capital investment...as has been the case with Bitcoin. Before ASICs made Bitcoin the titan it is today, it was down around $10-12. It was the investment in hardware infrastructure, both on the manufacturer side and the miner side, that attracted all of the capital that has led to Bitcoin's current level of growth (and I'm not talking price, I'm talking venture capital, business interest, products and services, etc...) Hundreds of millions in dedicated hardware infrastructure tells investors, "This should be taken seriously."
You guys act like there's no precedent for this. As though Bitcoin was $500 when ASICs started getting deployed onto its network. In January 2013 when the first Bitcoin ASICs launched, it was $14. The explosive growth of the network and the dedicated hardware infrastructure that was being built for it was what caught peoples' attention (although the Silk Road news reports and Cypress obviously helped).
