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wwhy not decentralize it entirely.
I mean, problem is, its not a wikipedia that takes only 100GB, archive.org is in the TB and PB range.
If the funds can only sustain a max of 500 PB (for example), if you split that funding to 2 sites, you reduce it to 250 PB, if you want a EU site, a US site, and a Australia site, for example, you're splitting the same pool of funds to just 166PB. I highly doubt people that usually donate $50 to one site is suddenly gonna find the money to donate $50 to each of the 3 sites, so the natural course of events is to split their donation to 3 sites.
(I mean, if you wanna make a personal backup copy to "decentralize" it, you can already do it yourself, just start downloading. I'm talking about a 100% clone of every bit of data, I don't think individuals are gonna be able to maintain 500PB all by themselves and constantly check for data corruption)
To be fair, you definitively can decentralized parts of it using protocols such as torrents, which work great for that purpose. It ensures multiple locations having redundant data, a means of retrieving that data again, and constant checks for corruption
And actually come to think of this, this already does indeed happen, though only for a subset of the data. It's much more tricky legally when it comes to copyrighted works.
If anyone has some spare terabytes of storage space, I do recommend you to see where you can contribute that space with torrents of this sort. It's better to use that free space for good than just letting it sit idly by