[cornchips]

The transcript is off. And biased (Co-author of the http://Bitcoin.org developer documentation)

It excludes his self correction.

https://www.youtube.com/watch?v=YAcOnvOVquo#t=2h29m15s

"distributed central currency"

[Aqueous]

Merely using the word "central" to describe Bitcoin betrays that he hasn't even the faintest clue what it is or how it works.