[rabino]

I own my phone, but the data is still in the cloud.

I'm not sure I agree with your version of the future. People don't know enough ( and don't want to) about security, scalability, availability, etc.

[newsat13]

OK, since you own your phone. Do you have any clue about security and availability of your phone? Why do you think millions can own and "run" their own phone but not own and run their server?