This card could have been interesting, but I believe it was designed poorly in fear of becoming another Friends in High Places. This card has a lot of potential uses; Rezzing a big peice of ice in aginfusion, Blackmail/ddos protection, Getting back a must have asset that has to be protected, but it seems likely they stacked too many downsides in fear of the card getting out of hand.

Removing all copies of the chosen card just seems messy, firstly it's difficult and inconsistent to play around and makes itself worse the later the game goes on, but it also introduces a nebulous gamestate since it doesn't reveal archives: maybe a copy is a facedown and wasn't removed and since the archive order isn't maintained another copy could be put in there later.

On top of that they seemed extra scared of the effect becoming another Friends / Jackson Howard must include in every deck so they gave it three influence practically ensuring it could only be used in HB, who already have Archived Memories and friends.

This could have been an interesting card if it removed itself and cost 1 or 2 influence as a worse version of the (perhaps to-be MWL'ed) friends but as it stands I think its an expensive card for niche effect. There is also some discussion of if you can remove agendas that hopefully will get ufaq'd.