People would be more literate instead of ROTL. WTF!?
As said by FatFreddysCat, artists in the motion picture, music, and publishing industries would be able to make a far better living.
People would connect more on fundamental and intimate levels.
Lives wouldn't be ruined through leaked nude photos, gossip over facespace (or is it mybook?), hacked indentities, etc.
I could sincerely go on for hours. However, it can be positive, too.