Stop with the fear mongering please.
He's not wrong.
It's not fear mongering. Fear mongering is encouraging the masses to be afraid of something that either isn't true at all, or by only giving out partial information and encouraging fear based on the conclusions that the masses are allowed to jump to with this limited information. For example, claiming that all aliens exist and will wipe us out as a species when they find us is fear mongering. It's giving you the information that aliens exist, and allowing you to jump to the conclusion that ALL of them will want to exterminate us. (Did anyone else hear a Dalek when they read that? Anyways)
We never were able to confirm what kind of black magic consoles are using to write the player data in memory to file. All we know for sure is that we almost never heard from console users unless it was for unrelated issues. The PlayStation console encrypts their saves, and allocates 12.5MB for the save file. We don't know if that's PER save, or if that's for manual saves and auto saves, because we would need to decrypt the file to find out, and that requires modding your PlayStation console which voids your warranty. (To be fair, voiding a warranty for modding a product you purchased is stupid, but, that's an entirely different topic altogether.) I don't think we have anyone here willing to void their warranty by modding the console for the sake of testing this.
The Xbox does things differently. It bundles all of your save files together into one large file in the preview, so you only get an overview of the total size of the files in the folder, instead of being able to drill down and see individual file sizes. Xbox users CAN, however, delete all saves but their manual save and it will show them the size of that one save file. However, everyone who has done this has never produced a save file size larger than 5.5MB - 6.0MB
So, because we were never able to confirm anything in regards to how consoles handle their player data in memory when compressing to file, we were never able to confirm whether or not this could happen to the consoles. So it's not outside of the realm of possibility that this could happen to consoles further down the line. Hell, it's not even far fetched that this could happen to consoles.
He never said it WILL happen. He alluded to the POSSIBILITY of it happening.