Yes you are right about the government but he went further and said:

1. The one thing that is missing but that will soon will be developed is a reliable e-cash, a method on the internet where you can transfer funds from A to B without A knowing B or B knowing A.

2. The way in which I can take a $20 bill and hand it over to you and there’s no record of where it came from and you may get that without knowing who I am.
That kind of thing will develop on the internet and that will make it even easier for people to use the internet.

3. Of course it has its negative side, it means that the gangsters… the people who are engaged in illegal transactions will also have a easier way to carry on their business.


For me it sounds like a cryptocurrency:
1. you can transact a coin from a random looking address to another one.
2. that was achieved with the help of zero knowledge protocol.
3. it's obvious.

Of course he didn't used keywords like cryptography, blockchain or something like this but he basically described a cryptocurrency.