&gt; Until your control panel gets hacked and you lose all your data<p>This is just alarmism. If you really wanted to demonstrate your point you would show me some data. The data would demonstrate that over the millions and millions of users on a number of cloud platforms that their rates of data loss are significantly higher than your &quot;home spun&quot; storage. Then you would take out the outliers and show an honest distribution on the most stable vendors(since I&#x27;d expect the majority of data loss over all vendors to have some amount of locality within a specific vendor). The result of this will be the rate of data loss on the most reliable cloud platforms. You can then compare this against your own success rates.<p>If you have ever(even once) lost even a single byte of data(for any reason), I do believe you will find yourself hopelessly outmatched.