My dad used to mix quikcrete in it
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Various acrylic resins are used in'latex' paint to to bind and harden it.
All paints have to breathe because if they don't, they won't dry and harden. It doesn't matter if the paint is latex or oil.
you can paint over latex paint with latex enamel.
No, not as liquids. Latex paint is a water-based suspension, 'oil' paint is either a petro-chemical (i.e. paint thinner) or 'natural' (i.e. linseed) oil-based suspension. If you already tried to mix the 2, it can't even be recycled. Consult the local (county) recycling/waste disposal authority for proper disposal.
Can you restate your question are you asking what is the latex paint or are you asking when was the invention of the latex paint.