The masses don't have much of a say in the network due to how insanely large it already is, so I doubt it will change much.

It could however make wealthy entities compete with each other, which directly means that it works against existing players like Bitmain, Poolin, etc. People have always complained about the lack of miner distribution, well, this could be one effective way to improve the distribution.

No matter how many people here dislike PayPal, a lot of people outside the crypto realm aren't that unhappy. PayPal to them is purchasing stuff with confidence, especially with how people might not initially trust companies such as Bitmain. This is an effective way to counter the risk of losing money because the buyer is mostly always right with PayPal.