@nixCraft Once Upon A Time it was like "you trust the bank to look after your money, don't you? - so why wouldn't you trust the cloud to look after your bits?"
Point is that I don't trust the bank to look after my money. What I trust them to do is replace it if they cock up and lose it, with different, but identically useful, money of their own, sourced from somewhere else that isn't my concern.
It's the "identically useful" that's hard if a cloud provider loses your particular collection of bits.