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Of course, I find many things wrong with what David said, but I want to focus on what he said around 49 minutes where he asks “What coercion are we talking about?” in reference to the US Dollar.
We’re talking about the FBI and Secret Service raiding your precious metal warehouse and confiscating your depositors’ property, as happened to Bernard von NotHaus’s Liberty Dollar. https://en.wikipedia.org/wiki/Liberty_dollar_(private_currency)#Legal_issues
We’re talking about what happened to Liberty Reserve https://www.sovereignman.com/trends/is-this-the-next-shoe-to-drop-for-bitcoin-11949/