[snarf21]

It could be but it is not and won't be. Net positive would require actual decentralization and no PoS (rich get richer). There are other ways to solve consensus and I don't mean PoW. Net positive would be to not require AML or KYC. Net positive would be no transaction fees. The foundation members will still profit on the float on fiat. Also, this project already exists. Isn't this the whole reason Ripple was created? Why not adopt Ripple as the crypto? Oh, because it is all about control.

How is FB printing fake digital dollars any better than the US government printing fake digital dollars? Except this way, everyone gets to rent seek and take from the people they purport to want to help. Rent seeking less than Western Union doesn't count. How about a project that is actually about helping the unbanked and underrepresented without exploiting them? I'll believe that anyone on this project actually thinks it is net positive for the world when they donate their salary and RSU to a non-profit that is actually helping people.