In fact I don’t think we would need processors anymore if we were centrally storing all of the operations ever done in our processors.
Now fast retrieval is another problem for another thread.
Community-scale caching? That's basically what pre-compiled software distributions are. And one idea for addressing the programming language design balk "that would be a nice feature, but it's not known how to compile it efficiently, so you can't have it", is highly-parallel cloud compilation, paired with a community-scale compiler cache. You might not mind if something takes say a day to resolve, if the community only needs it run once per release.