IA is quickly becoming a massive, risky single point of failure that is one bad lawsuit away from causing a major problem.
I want to hope they have an exit strategy, but I'm thinking we need to start providing alternatives. A single backup is no backup at all, and all that.
You mean a lawsuit like the one about the "Great 78 Project" by the music companies or maybe the one about the "National Emergency Library" by the book publishers?
I think you're right that we need to start working on alternatives, hopefully something decentralized. The Wayback Machine would be an irreplaceable loss though if the data isn't preserved somehow.
I mean, public libraries and archives being a mandatory requirement for copyright enforcement and publishing records is a thing, and the Wayback Machine proves it's technologically feasible to approximate it for the Internet, so...