Anyone who is up to date with what is going on with bitcoin can see this is a gross oversimplification. But I guess that is to be expected from Jorge Stolfi who is ideologically opposed to bitcoin and has been on a crusade to try and stop it or change it into some neutered version of it.
Feel free to go into detail about what's wrong with the analogy, rather than skipping straight to ad hominem:
> ideologically opposed to bitcoin
This is otherwise known as "knowing what he's talking about", which he does to a sufficient degree that the SEC reached out and asked him for an expanded comment on the Winklevoss ETF application last year - it's 27 pages that makes a pretty good critical book on Bitcoin in itself: https://www.sec.gov/comments/sr-batsbzx-2016-30/batsbzx20163...
He knows the area and the details, and you can't credibly claim he doesn't.