I don't want to "name and 'shame' such projects because it doesn't work, they thrive on the attention and few listen to the actual arguments anyway.
The system I see people promoting is "not-even wrong", it cannot do what it claims to do because that is not how the universe works. The key claims rest on axioms that are not practically possible.
I too could claim miraculous system properties if I could assume everyone magically and securely exchanged key material before using my system.