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Wouldn't that remove an additional layer of protection?

When you move from physical storage + backblaze backup to B2 storage, B2 becomes a single source failure, right?

Yes, that would be correct. I guess a better idea would be to fill the drive up, lock the physical drive away in a fireproof safe, then archive the files from that drive's Backblaze backup to B2. Buy a new drive and repeat.

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