My apologies for the hyperbole. My comment was less about this particular project and more about the shaky ground that the entire cryptocurrency industry is currently standing on, seemingly in part due to announcements like this that claim to have solved the scalability problem of decentralization without providing much hard evidence. If there were specific technical claims, I would discuss them, but in this case there are not.

I think it's confusing to the public, who ultimately need to be confident in cryptocurrency as a whole if they're going to use it, when they find them asking, "wasn't this problem already solved by x?" every couple of months.