This is standard practice blown out of proportion.
> “It's very important that people wait for NIST to do its due diligence,” Frincke said.
This is the standard process.
How very fucking convenient.
I don't care what they end up selecting as the winner (and to be honest, I'm so ridiculously paranoid that I don't trust Keccak, for instance), I just think that having a competition where everyone is spending all their energy into looking for flaws on the others candidates is a great thing.
Next year China will announce a similar standardization process. Do I trust China? of course not, but I really welcome this initiative anyways.
How can you be so sure? What if a nation state invents one and treats it as a Manhattan Project style secret?
> Whether post-quantum crypto exists today or not doesn't matter
Unless the first "Quantum computers that can break traditional crypto" are invented and announced tonight... then it matters about the current state of post-quantum crypto.