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Awesome video. I hope Bitcoins succeed but this guy makes a great point and anyone who can't see that is delusional. Bitcoins ARE intrinsically worthless and he explains why but that doesn't mean that Bitcoins are a bad investment or won't last as a legitimate form of currency. They may have no intrinsic value but if people are willing to trade it for goods and services and accept it as money then who gives a crap? The only real issue is for how long. You're taking a huge gamble there.
The only thing in that video which was dumb is when he said that he needs paper money because it's all the government will accept to pay his taxes.
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