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Will Quantum Teleportation, if possible, let us reduce, if not remove, the hardware for communications? As in, there will be no need for giant fiber-optic cables or wireless routers?

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no, there's still a huge confusion out there towards what constitutes quantum teleportation. all I can say as a layman is that this title is very misleading, you still need a standard information channel to transport the information about a single qubit. wikipedia has more: http://en.wikipedia.org/wiki/Quantum_teleportation

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