The threat you describe sounds like a race. But in fact, it's more like a switch. Right now the world is pre-quantum. When the switch is flipped, to post-quantum, a lot of algorithms will break. But not all of them.
See http://pqcrypto.org/ for some interesting reading.
Post-Quantum Cryptography, Bernstein, 2009: http://www.e-reading.club/bookreader.php/135832/Post_Quantum...
Regarding your point, I don't think that people here are being dismissive of your ideas. You're quite right. But there are reasons to be positive about the future, while highlighting the negatives. Isn't it so interesting that certain algorithms can be safe in a pqcrypto world?
Notice where the algorithms spring up from. You mention a hackathon, but that's not where these algorithms root. They're from universities. And universities are interesting. If the legislation will face resistance, it will probably be from academics, like in the last crypto war.