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Yeah, decentralized data storage might provide that edge with security, however, my guess is the transfer/retrieval speeds couldn't compete with centralized architectures.. (Which is what the average person requires, but If u can make that trade-off, it's a great deal)

I'm not really sure about the details here so if anyone can fill me in, I'd be grateful

you could have a decentralized system with centralized security
thats what IPFS is
a combination of blockchain technology and P2P file sharing essentially backing up the web everywhere