None of that solves the problem of being vulnerable to issues in the cloud, though. There are about 10 billion things that have to work correctly for your data to be accessible and safe and only 1 or 2 things that have to go wrong for it to be gone forever.
Which is true for local storage as well. If fact, I will argue that data on cloud is more reliable than data on my local machine. I carry it all the time, I don't have back up for a large part of it (I use versioning for code, everything else is painful); I did have some backups on external storage devices but they are more prone to faults and crashes than my internal drives. Carrying such devices around is a major hassle - actively taking backups is an even bigger task!
