Some fair points. But I don't see why everything must be done on a single. And I don't see how you can have it all that way. There are tradeoffs with any implementation. I'm still more in favor of Bitcoin adjacent solutions than using an entirely separate thing. I'm also in favor of having options for people to use, including Monero. I don't see why this is such a big issue for people. Use the things that best suit your needs and desired tradeoffs. There will never be one perfect option that serves every need.
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A f a i c t it's an issue because he doesn't think people should trust a chain with hidden amounts.