MCA hits on a number of issues concerning structure. Tim Zuber (the premier polyurea guy) has 3 words he likes to describe me with..."structure, structure, structure."

Tim will also be the first to say that polyurea is a sealant and not a structure in and of itself and for vertical walls, shooting polyurea onto geotextile fabric really isn't a sound engineering decision. He has some great pictures of a collapse utilizing this method on vertical walls (he didn't want to shoot it but got a good waiver prior to doing so).
The issue regarding concrete block (still reinforced) is that this should NOT be utilized in an earthquake prone zone. Structural concrete or gunite will "float" so to speak during an earthquake while a block construction is more prone to fractures.
Liners on bare vertical walled koi ponds (3'+) are really a disaster waiting to happen.
Steve Childers