Uh, guys, Cloud storage isn't an option for many of us. I'm well familiar with Glacier/ASUS etc etc. Price out 4TB of data, growing at at least 1TB/Year, factor in how you'll get it to them (Cable modem isn't going to work), data availability (you still need local copies), plus redundancy and it gets expensive. Plus Cloud doesn't mean safe.
Ultimately nobody cares about your data as much as you do. There's no way a professional photographer (certainly not videographer) could make do with Cloud storage. At best it would work for a light shooting amateur.
My attitude is that data storage costs drop exponentially like all other information technologies, so I store everything and then some. In a few years I'll laugh about the day I fretted about a few TB.
Speaking of which I laugh at the folks who call high mega pixel cameras "mega pickles" (as if that's funny), and then go on to say it will never happen because "oh my god all those pixels will kill your computer and hard drive". Yeah, sure grandpa ...