Computing trends: Are we moving away from the Cloud?

With the crypto craze going on this is a good opportunity to reflect on the computing trends in the last 30 years.

At the beginning was cloud computing:

It started with cloud computing back in the 70s. We would connect to main frame with dummy terminal.

Then the 80s saw the rise of the personal computer. It was the democratization of the computing power. Apple would claim "power to the people" with a brand new computer.

Slowly from 2005 to today, the big shift in computing has been going to the cloud. It was the idea that you need to centralize everything and you can provide better and cheaper services. You could also more effectively scale up resources based on the your need without having to invest huge sums. THe downside is that the computing resources are now centralized with a few key players (Amazon being the dominant one).

Are we at the dawn of a new era?

Could it be possible that the next trend be to re-democratization (yet again) of the computing resources away from the centralized cloud? If so, then blockchain technologies could help us achieve this.

One of the most recent example is FileCoin. FileCoin is decentralized storage application (think Dropbox decentralized). So everyone can run a filecoin node on their computers. Whether this application has merit or not, it is worth nothing that they raise ~200M$ during their initial coin offering. So, it is arguable that some people do believe in this idea. The simplest use case I can think of is for "copyrighted" material, where if stored in a decentralized server, then it would nearly impossible to any autority to remove it.