Well this right here isn't true at all.  I think the last time I sent bitcoin, it was with a fee of like 50k satoshi, and it went through just fine.

Bitcoin is great for storing value, and for that it doesn't really matter if the transaction fees are high.  It's already a horrible currency, but that doesn't mean it's dead by any means.  PayPal isn't a store of value.  They're two related things, but they're quite different.