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I think this is great. Honestly, I don't see how it's feasible to house all that for very long, the costs must be astronomical for something that makes no money. Honestly I'm not too concerned about about losing things, though. Books are widespread enough that they're not going to disappear. After all, we have books left from thousands of years ago.
Sure some stuff will be lost, but the one thing you learn as a collector or a historian is that you can't preserve EVERYTHING. You have to make some judgment calls on what is valuable.
But honestly, libraries will remain, and even if they close down their books will be sold at book sales and will remain in the hands of people all over the world. I honestly just don't see the concern about digitizing things. New file formats emerge but there's always a way to convert old files it seems. What falls through the cracks from digitizing stands a decent shot of surviving in physical format through coincidence that I'm not sure stockpiles are needed.
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