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

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

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."

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

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

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

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