> But as a solution for the institutional failures it still is not a replacement I don't think one can call PayPal an institution. As for an ability to transac

> But as a solution for the institutional failures it still is not a replacement I don't think one can call PayPal an institution. As for an ability to transact - I don't see why shouldn't we replace institutions that prevent us from transacting. Failing business models of Elsevier and likes are a problem of their shareholders. I, personally, want them crushed.