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
Well higher hashrate = higher block reward, but higher hashrate = less chance of finding a block. So I am not seeing anything special happen here? Please tell me if I am wrong...
Higher hash rate means less chances to find a block for a miner N, but overall with difficulty the rate of monetary creation will be constant.