That's just as true of GitHub though, and isn't the problem. The problem is the related services, like issues, PRs and now CI/CD which all sit with the code but don't come down on a clone. That problem still hasn't been solved, which could mean your whole knowledge base goes missing if you lose access to the server. CI/CD can maybe be replicated from what's on your laptop, but if you don't have the PR history it could spell doom for big codebases that don't use extended commit messages a lot.