>No more system that allows mistake debits or others to accidentally/maliciously deduct from my checking account, such that I have to be watching for errors

Sure, with bitcoin you can't get charged maliciously (if you don't get your keys stolen) or get hit by a chargeback but... i can't think of any financial system that's less error tolerant and that requires more attention to errors. What he describes has nothing to do with bitcoin, at all.