I also wonder about the liability issues:
- Who is liable if data is lost/becomes unavailable
- Who is liable if (some of) this data turns out to be involved in criminal activity
- Who is liable if, god forbid, this turns into a data exfiltration method
- What's going to happen if this gets involved in a nation state secrets or "terrorist activity", and what implications does that have for the unknowing users storing bits and pieces of data, both within and outside said nation state ?
...and that's just off the top of my head.