What do you think of "Cloud Computing"?

I am interested in your opinion, because I think it is a very bad idea.

We are supposed to think it is more convenient. Our data is in the cloud and our apps are in the cloud, so you can do your work or socialize wherever you are. Neat.

I believe the reality is not so rosy. The hype is created by people who want to play you for more money. Its that simple. You have to pay every month to use the apps instead of buying them and keeping them and using them all you want. You give them your data, so they can scan it for trends and eventually claim everything on their servers belongs to them. In the end, they are trying to make us pay ongoing fees for things we already have (hard drives and installed apps).

I won’t even go into the dangers of government demands to see your private information.

Please agree or disagree.