> at some point the claims will be found out and the funding will dry up.
Someone hasn't been watching the cryptocurrency markets.
That's partly tongue in cheek. But there are countless examples of the market remaining irrational longer than one can stay solvent.
Witness the continued success of BTC and Ether, amid newer options that outperform them on every tech-related metric, often by many orders of magnitude. I conclude that marketing hype and the first mover advantage form the vast bulk of valuation in a novel tech that people don't understand.
This is not to take away from the author's point at all - I would hope that anyone who invests in quantum computing reads the criticism from an insider who can actually read the papers.
However, as irrational and harmful as it is, I don't expect BTC to drop to zero before the day quantum computing actually does follow through. Rationality really isn't our thing.
Someone hasn't been watching the cryptocurrency markets.
That's partly tongue in cheek. But there are countless examples of the market remaining irrational longer than one can stay solvent.
Witness the continued success of BTC and Ether, amid newer options that outperform them on every tech-related metric, often by many orders of magnitude. I conclude that marketing hype and the first mover advantage form the vast bulk of valuation in a novel tech that people don't understand.
This is not to take away from the author's point at all - I would hope that anyone who invests in quantum computing reads the criticism from an insider who can actually read the papers.
However, as irrational and harmful as it is, I don't expect BTC to drop to zero before the day quantum computing actually does follow through. Rationality really isn't our thing.