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> One important take away for me was that this project aims to replace paypal, not bitcoin. Its target is to establish an open source payment infrastructure that is better than paying with credit cards, paypal, etc...

Well actually if you read the initial paper from Satoshi Nakamoto, bitcoin was invented as a replacement for paypal, not money :

> Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payment [1]

But bitcoin became really popular among the libertarian movement which hated the Fed and other central banks because they saw them as threats to freedom, and now people mostly think about bitcoin as a replacement for money.

[1] : https://bitcoin.org/bitcoin.pdf




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