The reason to think it's BS is that the schema of one table, without the whole process around, offers nothing to base such a conclusion on. His target audience is people who neither know or care.
https://bsky.app/profile/chadloder.bsky.social/post/3lhrhwmr...
> Social Security systems represent data as a 1NF time-series of change entries: life event changes, legal name changes, address changes, and benefits formula and even statutory interpretation changes.
> Read them forward like logs and calculate rollups which are ALSO versioned.