Earlier quoted context omitted.
Yes it causes problems in this increasingly narrow situation. Massive storage that takes a month to fully read is acceptable in a wide variety of use cases. If it's cheaper than hard drives it'll get a huge amount of users.
It's notable that 'time to read/write entire device' has been creeping up for any storage device you can buy off the shelf for the past ~40 years. Reading a floppy disk took around 30 secs for example. A whole CD took 5 mins. My whole 1TB SSD takes 10 mins.
Perhaps the needs for read/write speed are bounded (before processor, etc. becomes the limiting factor), while more capacity is only limited by price. Or maybe increasing density of storage inherently means a tradeoff with I/O speed (AFAIK, NAND flash needs to rewrite lots of data just to make a single write? Atom-scale interactions have side effects)