Just change the alpha values in the `coverContainer` function in `utils.js` and it actually blocks ads.
Patched `utils.js`: https://pastebin.com/YLyN2uJ8
Patched `utils.js`: https://pastebin.com/YLyN2uJ8
Loading brings all the malware, the tracking, and the bandwidth/load times.
Besides which, the algorithm involved is a computer-vision one, so the ad needs to be rendered before the algorithm can recognize it as an ad.
The best solution here, if you want maximum privacy, would be to use a traditional ad-blocker as a first-line defence, and this algorithm as a second-line, for the ads which make it past regular ad-blocking (and which are therefore probably inline-content ads anyway.)
That only applies to the HTML, which generally is fairly lightweight. They still load additional images, videos, do XHRs for tracking etc.