Nice, but... it's not actually minimal. But nice. Also a bit of nitpicking. While it provides a visual placeholder for an image that's being fetched, it does not reflect its content. So, when it's loaded we can see a completely different color palette and shapes.
What do you mean? In my opinion this library does a very good job of representing the image’s color palette considering it’s encoded into a single integer. (Even smaller than usual because of CSS limitations, only 20 bits!) You don’t even need JavaScript to decode that integer into the image. The underlying CSS may be complex, but for the user of the library it definitely feels minimal in a good way.
As for the minimalism, I understand what you mean. But I understood the "minimal" part in regard to implementation, not usage. If we only mean usage, we can say the same about a lot of libs, that they are minimal. Yeah, it's minimal for the end user, but under the hood it is not as minimal. It's not anything bad, it's just how I interpreted the title.