I disagree. You can pay for GPU mining hashing power which is just as good as owning ASICs. Also, those difficulty bubbles will be a recurring problem as ASIC manufactures will continue to be created for Monero as long as honeypot is profitable.
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For true ASICs it's just not feasible. For example, the last fork happened over a month ago and the difficulty is still trending down, even more so after the Monero V snapshot.
If an ASIC was put on the market today, it would be good for 4 months tops before the next scheduled anti-ASIC fork. Building true ASICs for such short term use is just not a solid biz strategy and that's what the community stands firm by. If you can edit the algorithm on the fly, it's not a true ASIC.
Most of my XMR holdings are in cloud mining contracts so I understand your perception there, but the reasoning above shows that the cloud contracts are likely mining with high-end GPUs.
I've been posting a weekly Monero difficulty watch and there's no sign of them yet. The previous CryptoNight ASICs are mining DigitalNotes XDN, XMO and the other Monero Clone War coins 😂 on the old algorithm.
*up-voted & resteemed
ASIC resistance definitely has its pros as you listed, just seems forced because the algorithms are so mutable. Appreciate your insight thank you!