No doubt PoW using ASICs is superior to GPU/CPU mining. Riccardo Spagni addressed the concern to continue allowing small-scale miners to keep Monero's network running rather than allowing large mining rigs to capitalize on mining. The concept is not to allow large companies over-profit, which Google, Facebook and every other company we know today are doing. With that aim, Monero is gaining the support of decentralized mining - in which till today we have not seen any inconsistency in hashrates. I also do agree that AMD and NVIDIA are becoming the dominating players in GPU mining as well.

Loyalty to Monero is derived from the purpose of the coin in terms of privacy, so hopefully, this will continue to give them an edge in the market. I see hard forks as a point of evolution and the branching only helps Monero become a better coin. Whoever survives the next hard fork wins. I don't lose any of my Monero as well.