Ok, you've lost me. If you want to talk about that you need to provide some back information.
"Genius" here implies that several bitcoin-related projects have been hacked recently (MtG, Mybitcoin, bitomat.pl and some more lesser incidents). In his mind, those single-person-ran websites equal to Bitcoin project in general. I can't blame him, it's the interface between people and coins. Thing is, interfaces come and go, coins stay.