You seem to imply that there is no real value in the initiative. I humbly suggest you ask the teams doing all the work (Guardian Project, Open Whisper Systems, F-Droid, etc.) how excited they are about this. I suspect it's not as intangible or fuzzy as you imagine. They're expecting real resources and real funding, which will result in real progress for their already-strapped projects.
I'm sure they're very happy to get funding. The fact that they're excited to get money for their projects does not mean their projects have value, or that most people will be affected by them.
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You seem to imply that there is no real value in the initiative. I humbly suggest you ask the teams doing all the work (Guardian Project, Open Whisper Systems, F-Droid, etc.) how excited they are about this. I suspect it's not as intangible or fuzzy as you imagine. They're expecting real resources and real funding, which will result in real progress for their already-strapped projects.
I'm sure they're very happy to get funding. The fact that they're excited to get money for their projects does not mean their projects have value, or that most people will be affected by them.