I saw this video literally 30 minutes ago and thought the same thing. I'm relieved to see his own fans disagreeing with him. There is still hope. Its funny, minus requiring verification and stuff like that, he's circling towards nostr IMO. Maybe IRL over a beer, he could be convinced that nostr could be the solution.
Discussion
Nostr defuses the Algorithm, which he seems to acknowledge is the biggest problem. It also removes corporate control, which he should be happy with. You lose (from his perspective) moderation and verification (though everyone is free to filter based on some government attestation).