Oso_42 comments on Rationality Quotes October 2012 - Less Wrong
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Not only is this false, I would make the counter claim "There can be causes that have been abandoned that are less 'lost' than other causes that have not been abandoned."
Let's contrive an example: If everyone abandoned the cause 'prevent global warming over the time scale of 30 years' it would still be less of a lost cause than the cause "raise this child with faith in God such that she is accepted into eternal life in heaven" even though there may be several people diligently and actively working toward said cause.
As a rule of thumb, the word "Truly" in a claim constitutes the announcement "This claim probably relies on No True Scottsman".
A general rebuttal: Having a misunderstanding of the territory may cause you to formulate a goal that cannot be realized. However, a rational agent may well work to maximize his utility by approximating the resolution of the goal - decreasing the distance as much as possible between the territory and the goal-state. Not working towards the goal does not maximize utility.
Utility functions aren't necessarily monotonic.