Yes, good point (apologies to the Lukin group). That's an interesting proposal, but it seems from a cursory read that you would need still need very many physic

Yes, good point (apologies to the Lukin group). That's an interesting proposal, but it seems from a cursory read that you would need still need very many physical qubits to approach that asymptotic rate, and also you would be forced to take a very large slow down due to serializing all of your logical operations through a smaller set of conventionally encoded logical qubits. That said, I'm not current on SOA LDPC QEC proposals, so I'll moderate my claim a bit to "the first actually useful logical qubits will almost certainly have an encoding rate lower than 1/5".