While he may be correct, he's trying to shove bitcoin into one a few predefined ideas about what a currency needs to be.
And most, if not all, of his complaints revolve around bitcoin's design of being untethered from judicial systems or purview. No one has figured out, even theoretically, how to have our cake and eat it too. It seems pretty clear that his wish is a fundamental contradiction and one must choose between the two.
The 'bad' actors he talked about can all be investigated in the same way a bank heist or computer hack can be, and if successful, the perpetraters punished (as have some of them).
It's like saying 'people who use dollars aren't going to tell you how the Federal Reserve invents millions or billions of dollars of currency out of thin air every year.' No, they won't, but as of now we consider that a feature not a bug (not all do, but most mainstream do). Even though it means the dollar you 'buy' today will be worth slightly less tomorrow.
And most, if not all, of his complaints revolve around bitcoin's design of being untethered from judicial systems or purview. No one has figured out, even theoretically, how to have our cake and eat it too. It seems pretty clear that his wish is a fundamental contradiction and one must choose between the two.
The 'bad' actors he talked about can all be investigated in the same way a bank heist or computer hack can be, and if successful, the perpetraters punished (as have some of them).
It's like saying 'people who use dollars aren't going to tell you how the Federal Reserve invents millions or billions of dollars of currency out of thin air every year.' No, they won't, but as of now we consider that a feature not a bug (not all do, but most mainstream do). Even though it means the dollar you 'buy' today will be worth slightly less tomorrow.