Some problems with SQRL (grymoire.wordpress.com)

I hope these concerns were contributed to GRC's newsgroups.

There's a bit where he implies that if an encryption process doesn't take very long to execute on a smartphone, then it must be easy to crack the resulting file on a powerful server. Am I making a mistake here?

I don't agree with his point "SQRL:// is a bad idea" because custom scheme is only for launching the SQRL app nothing else and the data that is passed through URL will be a random value

I think that basically all concerns that are raised are invalid, because the person who posted them doesn't understand how SQRL works.

See https://www.grc.com/sqrl/sqrl.htm for an explanation, which differs drastically from everything that is described in the post.