This doesn't seem to include text from submissions.
I ran it on Brian Armstrong's temp account from here, and it said it didn't write 10,000 characters:
https://news.ycombinator.com/item?id=3754664
EDIT: Or maybe it's something else because Brian only wrote less than 6k characters. But then why can my account be looked up?
Also, I would guess quoted replies are included, which muddies the analysis. Seems to be a very naive implementation. Much more can be done, but this was probably just a quick project.