His technical prowess are only matched by his privacy champion credentials, see e.g. his Operation ORCHESTRA talk https://www.youtube.com/watch?v=fwcl17Q0bpk
That's one horrible argument, though. The cost of a text-based protocol on ethernet, over TCP greatly outweighs the cost of the encryption process.
Yes, of course encrypting things will increase computational requirements yet the cost is negligible in comparison to the problem being solved (stopping the trade of personal data).
It's hard for me to associate a privacy champion with these statements.