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It depends on the context.. For example, I use an invoicing web app that stores previously created invoices indefinitely in localStorage. This gives me the benefit of not having to manage login credentials and keeping everything client-side. It also gives the site's developers the benefit of not having to manage user accounts or server side state.

Without being able to use localStorage as a long term store, I'll have to register for an account, have to deal with them handling my data, etc. Losing the functionality of localStorage as a long term store has disadvantages.

Maybe it is because I can't seem to hold onto a device for more than a year or two before I lose it somewhere, but the idea of having all my important invoice data on a single device sounds scary to me. I would hope that localStorage is included in in iCloud backups.

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