Perhaps a trip over to wikipedia is in order: http://en.wikipedia.org/wiki/Roman_concrete
do you mean magniesium oxide cement? i was looking at it and although its stronger, takes less energy to produce, and asorbs co2 it is ~ 3 times as much if you can get it ... but you can build things thin. i saw a few roof that are a fabric with a MO/phosphorus applyed . they built a house in one day and was completely cured in 1 hour and ready to move in the next day. it has a affinity for cellouse it bonds/saturates rather than coats the exterior to make a grid so to speak.. there is a better way to discribe it but idk..
in short as far as papercrete i dont think it will be as good unless you can mix it. if you wanted a very strong say 2 inch wall with wood chips/straw/ or saw dust agrigate sounds good
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