The Quantum Computer Puzzle (Expanded Version)
  Quantum computers are hypothetical devices, based on quantum physics, that would enable us to perform certain computations hundreds of orders of magnitude faster than digital computers. This feature is coined as "quantum supremacy" and one aspect or another of such quantum computational supremacy might be brought about in experiments in the near future: by implementing quantum error-correction, systems of non-interacting bosons, exotic new phases of matter called anyons, quantum annealing, or in various other ways.   A main concern regarding the feasibility of quantum computers is that quantum systems are inherently noisy: we cannot accurately control them, and we cannot accurately describe them. We will describe an optimistic hypothesis of quantum noise that would allow quantum computing and a pessimistic hypothesis that wouldn't. The quantum computer puzzle is deciding between these two hypotheses.   Here is a brief summary of the author's pessimistic point of view as explained in the paper: understanding quantum computers in the presence of noise requires consideration of behavior at different scales. In the small scale, standard models of noise from the mid-90s are suitable, and quantum evolutions and states described by them manifest a very low-level computational power. This small-scale behavior has far-reaching consequences for the behavior of noisy quantum systems at larger scales. On the one hand, it does not allow reaching the starting points for quantum fault tolerance and quantum supremacy, making them both impossible at all scales. On the other hand, it leads to novel implicit ways for modeling noise at larger scales and to various predictions on the behavior of noisy quantum systems. 
Gil Kalai
quant-ph