Well, this is one thing that he obviously got wrong. Computer hardware speed didn't become faster by a factor of 100 in the 12 years since Bitcoin started. Just by a factor of 2, maybe.

But solutions to that problem exist. I pay small amounts regularly with my bitcoin wallet (the Wallet of Satoshi), it costs mere cents and transactions confirm in seconds. It's far superior to anything visa has to offer, because it's fraud and counterfeit proof, privacy friendly, globally universal and cheap.