I carefully studied the video (several times), and I just can't see where the guy in the striped overalls comes in to play.  Perhaps this device is similar to the cams on a train....

Seriously, this looks like an interesting project.  Not quite for me, but still interesting.

Meanwhile, I think it's important to capture this quote from the BitCams thread:
http://forum.bitcoin.org/index.php?topic=20984.msg281011#msg281011


We all can check in with BitCams on Christmas Day, to see if he's captured 10% of the online porn market (or is the largest bitcoin website).  Maybe with a Waldo-type device he'll get the market penetration that he's looking for.  Clearly if he installed a device like this, with a built in camera, business would be looking up.