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If you turn all computers into thin clients and centralize processing power the world will change radically, but im not sure if for the good.
It will radically change the world to enable new kinds of applications, give super computers to everyone, and decentralize our reliance on proprietary operating systems in favor of open standards. The whole world uses this thing. We need to move faster.
But this would need fair enough internet speed and a base device to run that browser if I am not wrong? It would reduce the cost for computing, which is cool. AWS has something called as WorkSpaces, something on the similar lines