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.
Actually I don't have any intuition for why that's wrong, except that if we catenate the rows into one long row then the picture can be considered as a number 307200 digits long in base 256, and then I see that it could represent 256^307200 possible different values. Which is a lot: https://www.wolframalpha.com/input?i=256%5E307200
The number of possible pictures is indeed 256^307200, which is an unfathomably larger number than 78 million. (256 possible values for the first pixel * 256 possible values for the second pixel * 256 possi...).