[benhamner]

Text content: http://pastebin.com/NCGRv74u

(Saw comments that the site went down and still had it loaded on my machine)

[fragsworth]

I'm still trying to understand how the whole system works. It appears to be groundbreaking but I'm not really sure. The last sentence in the document should catch your interest:

"As a result, we have a cryptocurrency protocol whose codebase is very small, and yet which can do anything that any cryptocurrency will ever be able to do."

[kordless]

Denomination is a wei. Weis are tied to compute jobs, basically. It's a distributed computing network/server with built-in trust. Holy shit.

[redler]

Unless one considers the lack of Turing-completeness to be a feature (as Bitcoin apparently does, pointed out in a few other comments here).

[phreeza]

it mentions the ability to create subcurrencies, so probably you could create a subcurrency that isn't Turing complete?