What use is a deflationary distributed ledger to anyone? We've had 12 years of Bitcoin and no killer app for a reason. It's simply not a useful technology.
Let's see how easy this game is to play, now I only need to claim that any advantages you bring up are either irrelevant or not unique to PayPal. At least that's how every argument against Bitcoin usually goes.
you just mentioned the utility right there. Is this a trick question?
Maybe you forgot "censorship resistant". I know paypal works for you or something, but not everybody has that luxury you know.