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Online Central Storage is a bad idea

I was listening to one of my favorite podcasts, MacBreak Weekly Episode 518. Host Leo Laporte was suggesting a new direction for Apple. They would have a central online location for all of a user’s files. The way I understood it that would be everything, pictures, documents, spreadsheets, music, EVERYTHING!It’s a good idea in theory but in terms of the real world I thought it was a horrible idea.