What is funny about this to me is that the whole premise of Bitcoin is to have a low-cost, decentralized currency. However:
1. It isn't low-cost (a $1 transaction costs $4 with the transaction fee (at a minimum))
2. It isn't decentralized (1 organization has a massive influence). This announcement has caused a swing of $400 USD in the currency value TODAY!
It isn't the whole premise. Censorship resistance is also a big component.