That's not 25 minutes but i will admit to glossing over the parts i didn't understand. So 4 minutes later.......
I can see where you're coming from and a lot of it is good. One of the biggest for me was a part i saw in the original post and had talked about for a long time which was the payout window for serious creators. Especially video creators who post content that could last for years. It was a serious drawback to the old system.
I hope it works out for you and will be following with interest to see how this new chain and new approach works out.