Earlier quoted context omitted.
I think he's simply referring to a bank account.
So was tinco.
A bank account of course solves all those things, but because of the nature of bitcoin it's rather hard if not impossible to realize the financial system we know as banking using Bitcoin instead of government controlled currencies.
So if he was indeed talking about a bank account, then it was a sneer towards Bitcoin itself, and he'd be quite right, the banking system solves this problem very well.
I still think the three party transaction system would be preferable even to banking, if it can be done.