This dude has no idea of bitcoins...
No You don't have to depend on your computer for bit coins. You can encrypt your wallet on the cloud using truecrypt, mega, etc... plus strongcoin, electrum, blockchain, multibit... and the list goes on and on...
What can you buy with Bit Coin???? ANYTHING
Dude... again, the "flash crash" that happened was that they hacked into a service provider Mtgox in 2011 (NOT THE BITCOIN OPEN SOURCE ENCRYPTION PROGRAM; THAT IS IMPOSSIBLE- a single wallet is made up of 256bits dude that would take more than the age of the universe to crack open a single wallet- my personal wallet takes exactly 595 septillion years to crack open)); when there was only a few service providers. Now there are hundreds of service providers as formerly mentioned.
I really hope as a Libertarian that the government starts using Bitcoins... GET IT????? LOL!!!
Dude... the rest of the video extrapolates information that logically is not at all connected with the conclusion of the video's argument... geez man, seriously- inq-tel? no sht they are connected with the CIA and darpa and facebook. So what???
AGAIN PLEASE PLEASE PLEASE LETS ALL MOTIVATE THE GOVERNMENT TO START USING BITCOINS... HECK LETS JUST GO STRAIGHT UP TO THE BANK OF INTERNATIONAL SETTLEMENTS IN SWITZWERLAND- THE MOTHER SHIP OF CENTRAL BANKING- AND ENCOURAGE THEM TO START USING BIT COINS TOO!!!
"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees