Well, no. Your average Facebook users doesn't have the time, money or skills to really touch up the photos they post on Facebook. If you can just ask your computer or your cellphone to pose you on top of Mount Everest or flying an F-22 fighter jet or driving a Lamborghini while wearing an expensive suit and it produces 20 variants of that image in 227 milliseconds though, that completely changes the game.
The internet is going to be full of fake photos and soon full of fake video clips too. You'll basically never be able to trust someone's Tinder profile picture.
The upside, maybe, is that if the internet becomes more fake, it also becomes less interesting. Maybe it will encourage people to do more activities and things in real life, away from computers. Dating websites will probably drop in popularity because profile pictures are so manipulated that you basically have no idea what the person looks like without meeting them in person.
You know that’s already the case to a large extent right? All(?) the social media photo apps have a filter on them even those saying “no filter” because people prefer them than seeing their quirky faults.
No more than it was since Photoshop.