So is this 'elastic block' stuff a bullshit marketing gimmick or is it actually different from Litecoin, Terracoin etc
Did you read any of the thread? The block reward is based on network difficulty
Yes, in hyperinflation manner, but since you crapcoin supporters don't know anything about money supply anyway it will probably work for you. For a while.

I also mentioned it in my prev post. My post was probably too long for peoples short attention span disorder.