In NIST’s ‘competition’ to obtain new public key crypto which resists Shor’s algorithm (aka ‘post quantum cryptography’), two algorithms to make it into the third and fourth rounds have been catastrophically broken (Rainbow over a weekend on a laptop and SIDH/SIKE in an hour on a single core), while others have been shown to have less security than required by NIST (https://zenodo.org/record/6412487#.Y-wEkS-IafA).
Meanwhile, no one has been able to create a single logical qubit stable enough for a cryptographically relevant quantum computer.
The question I have is, what is more, likely to happen first: Will we have a cryptographically relevant quantum computer capable of breaking the weakest (wrt Shor’s algorithm) classical public key systems (i.e., elliptic curve based crypto), or will we be able to break these relatively unstudied new NIST algorithms?