I have same question. Have lost HDDs with TBs on them, I want to use Cloud storage.
Curious what others may think of Cloud. At least the music could not be lost.
Cloud storage probably works great until you stop paying for it (or the host goes bankrupt), and then it disappears.
Might be a useful part of a three-pronged backup system, but I certainly would not suggest putting all your eggs in one basket, so to speak.
I find cloud hosting most useful for sharing, not for storage as such.