This is supposed to be a joke, right? You are missing the [irony] tag
You might think it's a joke, but once you remove "mah feels" from it, it is statistically the safest place to put your personal information when it comes to
backup. Media rots, and the average human in general
sucks at maintaining a proper backup regiment that audits, implements, and tests local backups. They don't want to have to worry about it. This doesn't even get into the statistics behind local data being lost to disasters such as major accidents, fire, flood, etc. For the average home user who just wants to keep a copy of the data important to them, like old photos, videos, and documents, online backup is easily not only the most convenient, but also the safest.
Data that is vulnerable to being abused or is otherwise sensitive should be treated as such. Almost every backup hack in existence through major cloud providers has occurred due to poor security measures by the end user. As far as I'm aware, none of the major cloud backup companies have had such an incident (yet). Carbonite has a situation a couple of years ago where they noticed a bunch of failed authorization attempts to accounts due to information hacks from other sites. In other words, if you practiced proper security measures (and used a different password for your important backups), you would have had nothing to worry about. I tell people often who come to me asking about what to do for backups, and if you're an end user, I'm always going to recommend Online backups through a major Cloud Backup Provider. When it comes to versioning (recovering from mistakes), convenience (easy enough for end users to use so they don't neglect proper regiment), and locality (if a backup doesn't exist in 3 places, it's not important data), online cloud backups is about the only singular way that with good judgement can tick all 3 boxes.
My grandparents have a Cloud Backup for their backups, but since they only have a 1.5Mbps DSL connection, they also have a local backup set to a Raspberry Pi. The Pi takes care of most of their restore needs, but the Cloud Backup is *always* the most important thing from them, because it's the best way to ensure their important memories remain safe from the forces of nature and their own increasing forgetfulness.