There was a home automation (Lighting) company that went out of business and their server went away. Many K$ of smart light switches in eacch home became dumb (the dimmer-switch would still work manually) until some folk managed to get another server running.
Even a Ring doorbell needs the internet (as opposed to a LAN). I could use my phone to open the garage door, but I stay with the clicker as all I need is power.
One of the main purposes of Internet connected appliances is to sell subscriptions (and harvest your usage data). To me, this is a huge (physical) security issue. If the baddies can get that data, they can tell when no one is normally home. Lots of the data identifies by nature, which 'toys' you have.
With a UPS backing up power for the critical parts of your network, you can still do things that do not need outside connectivity. In many cases, the Cable system / DSL is still up even in an power outage. (more rural systems have equipment at the roadside or pole that boost the service and those may not have power for a longer outage, if at all)
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