salty9 wrote:...Given the increasing spate of hacks I feel my data would be subject to loss.
Are you saying you're worried Dropbox, Skydrive or Gdrive are more vulnerable than the drive on your own machine? In the typical arrangement, you store "in the cloud" a copy of files on your computer. Should the cloud drive be unavailable, you still have your own drive.
salty9 wrote:Access to something in the public domain might be reasonable but any of my data is going to be locally stored.
The idea of storing data away from your physical location is that the data is SAFER - because if you and your computer get smashed or something, the data is still available (to someone).
salty9 wrote:The terabyte drives makes local storage easy.
What does that have to do with your question? The size of the drive is irrelevant to the level of security it has.
The reason for using cloud storage is not that local storage is expensive. Cloud storage is MORE expensive than local storage.