... it does, but there is still value in doing so. Having an offsite backup is the ideal solution in case something really really bad happens to your premises (fire, flood, theft ecc). Doing this online instead of, say, burning DVDs and bring them to a safe deposit every month or so, is very convenient. Of course, to be somewhat practical one has to have a reasonably fast connection (unfortunately, for most users, upload speeds are slower than downloads). One can estabilish a workflow whereby every night or once a week files to be backed up are automatically synchronized with the online storage. Downloading a few hundred gigs would certainly take a long long time, but is certainly better than having lost all your data for good...
