Why would I want a physical currency whose value that is subject to the whims of a higher power, when I can have sound money that doesn't lose value everyday?
Where can I find this sound money that doesn't lose value?
Funny, but it isn't fair to generalize the context of his statement. He said "that doesn't lose value everyday;" this is an expression, and not to be taken literally. If I interpret him correctly, he is asserting the strength of Bitcoin in its evasion (or rather, structural immunity) to the powers of centralized authority.
It's a cool experiment thusfar. Release a currency at a constant rate in a relatively 'equal' system of distribution, and see how long it takes for inequality to root itself. Bitcoin may not be defined as centralized, but I'm sure we can all agree that it certainly has the potential to be (with large quantities of Bitcoin vested in the hands of the few)