But I thought the cloud meant basically storing stuff on the internet, just people weren't satisfied with calling it "putting stuff on the internet" anymore, because they had to come up with a way to make it new and thus "secure" for normal people to want to use it
I don't think it is limited to storing stuff in the cloud, but also running every single possible application from the cloud so that you don't have to have installed your MS word on all your computers or public computers but once you have moved to the cloud, you can use any computer to access any software you've purchased.
The downside, well, ah, ok, you have to pay annual freaking fees, like the cable companies have you do. You will cease to own a piece of software, have the ability to own a perpetual license to a software, or sell your license to others like selling used books, or refuse to upgrade. You pay as you use and you use as you pay. As long as you breath, you pay. You can't sell your access to the software you buy to others, it's locked in to you only. It's freaking uncle sam squeezing your pennies. It's like the e books, wow they're cheaper and "GREEN" but you can't sell them or put them on your shelf as furniture. You buy subscription and you consume a product, there's no secondary market to buy or sell used items, there is simply no items to resell.
Plus all the n-cores of your GHz cpu, GB ram, and TB hard drive computer are doing nothing unless told by the cloud what to do, freaking dummy terminals, as all decisions are made by the software running cloud. We've made one step forward, but a giant leap backward.