The time sharing wasn't that great. Yes the there were hundreds of users but they could wait many seconds, even minutes for transactions to run. There was a little clock icon on the status line of the terminal, and I easily spent an hour or more per day just watching that clock, waiting on my terminal to update. Luckily the there was no www then, or I would have been surfing during that time and even less productive.
(Puts Monty Python voice on)....Piffle!...when I were a lad we looked after a bunch of Data General Nova 4's and Eclipse S/130's with 32k of memory and with 32-64 dasher terminals hanging off them running DG's Interactive Cobol (on top of RDOS)....and running a full-on accounting system. 1MB of memory would have been absolute luxury.
:)