First of all he is planning blockchain. Your token is a TOKEN not coin based on own native blockchain so don't compare his idea to your token brother.
No he's right actually. While he's talking about a token, he's talking about a token on a blockchain that has the features the OP was mentioning. It is a gasless timescale chain. By holding the token, you hold network resources forever (over time). Spam is mitigated by having your network resource credits replenished automatically over time. Your stake is directly proportional to how much resources you can consume within that given period of time. That chain is Koinos.