> The age of the floppy disk backup is gone. Cloud storage is latest craze. I believe there will come a time that any local storage will become unheard of.

But somebody will have to buy all those hard drives... So there'll be pressure in that direction too. Specially the portable USB drives - just last month daughter bought a pocket edition of a 3T drive for around 90$. There's your backup and, hey, you don't need to know yet another user/pass to get to it.