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Originally Posted by user743
70 years???
in 5-10 years it'll be free
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Why? Why will the cost of maintaining servers and the electricity and all the other fixed costs suddenly disappear in 5-10 years?
Perhaps the proportional cost of those overheads relative to what's a reasonable amount of storage will be much lower. But then if what's considered reasonable goes up then so will the amount the customer wants to store.
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in 10-20 years there wont be any demand for this service just like there is no demand for tapes.
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That's a category error. Demand for tapes went away because a better product doing the same job took over. But demand for this service will only go away if people don't want that type of service any more. I think the chances of people not wanting to store data in the future are low. And a combination of enough people not overly concerned over privacy/security and companies investing in solving those problems, will mean there's some market for cloud storage.
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(ever wonder why Windows is a one time payment, they offer lifetime support - shouldn't it add up? No. how many people have Windows 98?!)
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They don't offer lifetime support. They just stopped supporting XP. And in any case support costs tend to fall over time as people upgrade.
The fallacy here is that local storage is a one-off cost. It isn't really. It's not a regular monthly cost like a cloud service. But if you think local storage is a one-off cost then you're only planning to keep your data for the lifetime of a harddrive.