Agree on the benefit of this technology (and current SC HODLer), but even though the data may be stored in an encrypted/distributed manner -- isn't the central point of failure here still Sia itself?

A gov't could still "Shut down" Sia's offices, employees etc and users would have no way to access their data (although gov't wouldn't be able to access user data either).

Are there other storage options (STORJ?) that offer distributed/encrypted storage, but in a manner users can still access even if the company itself closes down?