Correct me if I'm mistaken but isn't volatility a huge problem when using Bitcoin as a main currency? A country that is facing a crisis isn't going to want to switch to a currency where the value can change so much in a single day. Or would volatility no longer be a problem once the size of the Bitcoin economy becomes large enough?
Another thing; the inflexible supply model of Bitcoin might not work well in some hypothetical situations. Not all economic problems are a result of the nation's currency and one of the means to sort out a nation's economy is some sort of flexible monetary policy.
Seems to me the dude is merely pointing out why bitcoin is necessary for the people of the world vs fiat currencies which benefit govts and the special interests that feed off them. I thought the point was made rather well yet I can't imagine any govt-media 'news' outlet putting forth such a truth-telling article. This is the kind of article that needs to be passed around so people can reflect on what their fiat money actually does and internalize the fact that holding just fiat means they lose value over time thx to inflation.
Holding fiat does lose value over time if you store it under a mattress or buried in your yard but when stored in a bank, it can actually gain value as long as interest rates are above that of inflation. New Zealand (where I'm from) has an annual inflation rate of about 2.7 percent averaged over time while the interest rate for savings accounts tend to hover between 3 and 4 percent with term deposits approaching 5 percent or more.