It will still be a centralized Blockchain project with unilateral decisions and working towards a board of investors and a political agenda. I'm not afraid at all about the FB Blockchain project. They'll find out all their investment will be for nothing. The key here is "Decentralization" and "freedom". An MSM Blockchain won't work, how are they going to censor and deplatform people? Forking the Blockchain every time someone they don't like speaks up? Don't think so. The Blockchain nature is decentralized, the MSSM nature is centralized.
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If you don't desperately need a decentralized consensus mechanism - i.e. don't have a few parties that fundamentally dont trust each other but still desperately need to communicate then why bother with blockchain?
"Centralized blockchain" is an oxymoron. Worst of both world of centralization and decentralization.