Technically correct, but the therapeutic ("antidote") aspect of panpsychism hinges on the critical choice of the meta-physics that you ascribe to 'IT'.
This doesn't fundamentally alter ssijak's point. Even applied to the whole of existence, that existence takes place between points of temporal indeterminacy. Even if this could be viewed as lengthening the "blip" it does so in the context that the given length of time between temporal indeterminacies is immaterial due to the nature of such indeterminacies and thus still remains, in effect, "blip"-like.
I don't know much on the topic, but from what I've heard it can hinge on how you define consciousness. If consciousness is defined as processing of information, it can be inherent down to at least photon level.
I'm hoping somebody can chime in who can explain better than me.
Panpsychism is definitely not dumb, but it's untenable and has unresolvable internal inconsistencies. If you want panpsychism without the contradictions, you'll have to look at analytical idealism.