I've heard stories of break ins where the crooks destroyed all the local hard drives. Cloud is the only way to avoid that, but a solution is to encrypt before uploading.
Even shitty ipcams will upload images to FTP (old school, right) upon motion detection, or can upload whole videos. In fact I'm syncing my ipcam's video stor on my vps. A dumb lftp script that just works.
If you buy cloud-enabled ipcamera and then complain your ass is online, you're a prick.
Ideally the camera would cover that as well. Or you could use cell towers.
In the story I read (I think on reddit but I can't find it now) they destroyed all his hard drives but he had one camera that uploaded to the cloud so he still got some footage from that.
