Comment The Cloud (Score 1) 446
The answer is still the cloud.
You're not vulnerable to hackers because you encrypted it before uploading it.
You're not vulnerable to the company going out of business because you still have your local machine. The only vulnerability is that the company goes unexpectedly out of business with no advance warning on the same day as your house is burned down. The great thing about two such radically different forms of storage (home + cloud) is that their failure models are uncorrelated and so vanishingly less likely to both fail at the same time.