I believe it does traditionally, yes. Your data plus two backup copies. Personally I'd say no though, just for the sake of having more backups (3 2 1 is minimum, not strict!).

Partially unrelated I consider "cloud" as its own media type to avoid the pedantics of me storing files on a spinning disk and the cloud provider does too. Chances are they have server grade disks and their own backups. On that note, their backups are not my backups. Their backups are never my backups.

If they save my butt one day, awesome. But that day was already terrible if I'd managed to lose all of my backups.

> But that day was already terrible if I'd managed to lose all of my backups.

I have two off-site backups located ~150 miles from each other. If I (we) lose everything, chances are that there are more important things to worry about, like what's for dinner.