Re: LOL
On the flip side, local storage doesn't protect you from local disasters: Fire, flood, you know, the things that regularly kill small businesses and home offices being wiped out; I do make extensive use of local storage to the tune of 24+ TB, yet remote storage off-site for anything I can't live without is important as well.
[Technically, yes, I can live without, just makes my otherwise painful existence totally pointless.]