I don’t think that’s actually true?
How often are binary files being diffed? How long does it take to materialize? How long to run a diff algorithm?
I’ve worked with some tools that can diff images. Works great. Not a problem in need of solving.
In any case I’ll give benefit of the doubt that this project solves some real problem in a useful way. I’m not sure what it is.
My goals in a VCS for binary files seem to be very very very different than yours.