While somewhat correct it still needs someone hosting your data, even if it’s you.
Slightly off-topic:
I never get why Ipfs is using these false claims about “uploading” to the Ipfs and having it “permanently” stored. In reality it’s just Torrent, someone has to have the file - if no one has, there is no file. In theory one could make the same file available again in the future but all the hashing settings have to match with the previous or you’ll get a different reference hash.