Because he doesn't understand bitcoin.   Also he doesn't understand the new digital era as a whole.
 If we want SHACoin to succeed we need some usability for it and we need time.
 Cryptocoins are very good concept and Satoshi Nakamoto was absolute genus. Our task now is much simpler... just to use this technology.
 I think in the long run cryptocoins would change the world. They are the ultimate banks system for Internet. Traditional banks are like a dinosaurs compared to space ships.

"It's a method of transmitting money. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view."