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This is a very, very, very bad idea. Just encrypt your phone with a strong passcode and backup regularly. Making your phone entirely dependent on a strong internet connection is a recipe for a bad time.

I agree that the phone should be encrypted (in conjunction with aind), but people are likely to set weak passcode like "1234" (or finger pattern) because they want to open email/phone/twitter/maps/payment apps in a few seconds.

aind is expected to be used only for sensitive apps, with more strong passcode.

Making your phone a thin client makes you completely dependent on network; that's a significant tradeoff.

a hardware phone whose OS is running in the cloud? that sounds pretty bandwidth-heavy on the LTE network.

Look forward to 5G :)